Business Wire IndiaToyoda Gosei Co., Ltd. (TOKYO:7282) will open a new plant in Harohalli in the state of Karnataka, India to meet the growing automobile production in that country.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918841231/en/
Rendering of new plant (Graphic: Business Wire)
The new plant is a branch plant of Toyoda Gosei South India Pvt. Ltd.1, and scheduled to begin production of safety systems (airbags, steering wheels and more) and interior and exterior products (console boxes and others) from 2026. Demand for these products is growing due to the increase in production capacity of the Japanese automakers that are the company’s main customers. The new plant will achieve more efficient manufacturing, with Toyoda Gosei’s original, simple/slim & sensible automation that combines collaborative robots and karakuri2 technology, and energy-efficient electric molding machines. Production facilities for bumpers, instrument panels and other interior and exterior products will also be increased in the existing Techno Park Plant. This will lead to an optimized production network in southern India.
India is a key market for Toyoda Gosei. Demand for airbags, one of the company’s main products, is growing against a background of rising traffic fatalities as the automobile market rapidly expands. Sports utility vehicles (SUVs) are also becoming increasingly popular in recent years, for which automakers are enhancing their production capacity. The company will leverage its development and production network in the country to contribute to safer and more comfortable mobility in society.
| 1 | Toyoda Gosei South India Pvt. Ltd. is a subsidiary of Toyoda Gosei Minda India Pvt Ltd. | |
| 2 | Karakuri is age-old Japanese technology. The Toyoda Gosei Group is spreading the simple/slim & sensible automation developed at its Thai locations to other regions of the world. |
| Outline of new plant | |
| Location | Harohalli, Karnataka, India |
| Land area | Approx. 40,000 m2 |
| Products | Safety systems |
| Prod. start | Planned for January 2026 |
| Employees | Approx. 580 (As of 2027) |
| Main facilities | • Electric molding machines |
| Investment | ~INR 2.05 billion (~JPY3.5 billion3) |
| 3 Calculated at INR 1 = JPY 1.7 (As of August 30, 2024) | |
| Outline of Toyoda Gosei South India Pvt. Ltd. | |
| Established | September 1998 |
| Capital | INR 304 million |
| Location | Karnataka, India |
| Employees | 1,290 (as of March 31, 2024) |
View source version on businesswire.com: https://www.businesswire.com/news/home/20240918841231/en/
This website uses cookies.