FinePrint Vol. 13

Toyota Kirloskar Acquires 827 Acres in Maharashtra for Electric Vehicle Plant

Toyota Kirloskar Motor (TKM) has secured 827 acres in Chhatrapati Sambhajinagar, Maharashtra, to build a new manufacturing facility for electric and hybrid vehicles. The project, part of the Maharashtra Industrial Township Limited (MITL) under the Delhi-Mumbai Industrial Corridor (DMIC), involves a Rs 21,000 crore investment. Production is set to begin in January 2026, with the plant expected to produce 4 lakh vehicles annually and create 8,000 direct and 18,000 indirect jobs. The initiative aims to boost India’s electric vehicle industry and support sustainable manufacturing.