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Toyota to invest Rs2,000 cr in India, focuses on technology and electrification

Speaking on the matter, Union minister Prakash Javadekar tweeted, “The news that Toyota Company will stop investing in India is incorrect. @vikramkirloskar has clarified that Toyota will invest more than Rs 2000 crore in next 12 months.”In response to this, Vikram Kirloskar, vice-chairman, Toyota Kirloskar Motor, said in a tweet, “We are investing Rs 2,000+ crore in electric components and technology for the domestic customer and exports. We are committed to the future of India and will continue to put all effort in society, environment, skilling and technology.”On this, Masakazu Yoshimura, Managing Director, Toyota Kirloskar Motor said, “Toyota Kirloskar Motor continues to be deeply committed to India and its national objectives. As part of these efforts, Toyota Group in India is targeting to invest over Rs 2000 crore in India in the coming years on technology and electrification, both for the domestic and the exports market. – Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment.

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