Toyota to Produce 'Etios' Engines, Transmissions in India
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Bangalore, India, July 6, 2010; Toyota Motor Corporation (TMC) announces that Toyota Kirloskar Auto Parts Pvt, Ltd. (TKAP), TMC's joint-venture auto-parts manufacturing company in India, will produce engines and transmissions for a compact passenger car newly developed for the Indian market. Production of the vehicle, the "Etios", is scheduled to begin in late 2010.
TKAP plans to produce approximately 100,000 engines per year starting in the autumn of 2012 and approximately 240,000 transmissions per year starting in early 2013. Production for the Etios represents an investment of approximately 9 billion yen and approximately 500 new jobs.
TKAP currently produces manual transmissions for vehicles such as the "Fortuner", which is manufactured in India, Thailand and Argentina, and axles and propeller shafts for the "Innova", which is made in India. Production of engines and transmissions for the Etios will make India an important production base not only for vehicles but also major components.
As a part of its continuous growth strategy, TMC intends to increase local production in line with expansion in emerging markets. TMC, based on its founding philosophy of contributing to society through the manufacture of automobiles, is helping develop India's automobile industry while steadily supplying products suited to the market's needs.