| Toyota Motor Corporation, currently the largest | | | | brownfield plant at its existing facility in Bidadi,” |
| auto maker in the industry, is fast tracking clear | | | | they added. This was in relation to Toyota’s |
| and definite plans to strengthen the | | | | current plan of creating a manufacturing facility |
| company’s stability. They have settled braced | | | | with the recognition of Rajasthan government. |
| foundation in each of their market, of which | | | | According to an industry observer, “Any |
| recently brought success in India. After Toyota | | | | major auto manufacturing facility would require a |
| thoroughly managed to prosper with their | | | | minimum investment of Rs 1,500 crore.” They |
| premium cars and multi-utility vehicles in the | | | | said “Rajasthan government plans to offer |
| country, they are now opting to flourish in the | | | | tailor made tax sops to the tune of about Rx 500 |
| truck and bus segment. In relation to that, the | | | | crore over a period of time for companies looking |
| company is in negotiation to settle a | | | | to invest in excess of Rs 1,000 crore. |
| manufacturing facility for the said commercial | | | | Manufacturing facilities that is part of |
| vehicles. | | | | Toyota’s plan is not just for the commercial |
| Hino was known to be the brand behind Toyota | | | | vehicles, but also for some of their luxury brands |
| manufacturer’s trucks and buses. Since they | | | | such as Lexus, and subsidiary brands such as |
| were able to release 52,684 units sold in Japan | | | | Daihatsu. |
| and has exported a total of 47,550 units, they | | | | As what was been discussed in an article, |
| have concluded that the segment should be given | | | | “Toyota is in parleys with the Karnataka |
| focus this time. It has the potential to bring forth | | | | government for additional land to set-up a housing |
| further success to Toyota. It can be noted that | | | | society for its workforce.” This will eventually |
| auto makers Volvo and Mercedes have earlier | | | | offer employment in the area and would further |
| engaged in expanding their interest in the same | | | | increase the availability of the cars in demand. |
| segment. They are all attracted to the $5 billion | | | | Expansion on quality auto parts and accessories |
| market, which was initially dominated by Tata | | | | such as Toyota floor mats production might as |
| Motors and Ashok Leyland. | | | | well be prevalent to help further boost the on |
| A source was reported to have said, “Earlier, | | | | going project. |
| Toyota had met Rajasthan government with plan | | | | For now, we would just then be observing the |
| of setting up its small car facility.” | | | | progress as Toyota officials said, “As a policy |
| “But the company has now decided to | | | | we don’t comment on our future plans. |
| manufacture small car in Karnataka, at a | | | | |