Toyota Kirloskar Motor on friday said that a 2 unit for an investment of Rs 1,400crore is to be started adjacent to the existing unit in bangalore.
The second unit will be in operation from 2010 producing 100,000 units of car annualy,while the current annual production is 63,000 units of car.This unit will be responsible for a new toy car.Also by year 2015 , another plant outside Katnataka is in proposal.
Toyota’s existing plant has used only around 100 acres on a 432-acre property.So enough space to start another unit , utilising some 150 acres out of remaining 332 acres.Within this month a board of people will decide the plans for the second unit project.
Due to this project , it is expected that toyota will gain 5% while the current rating is %0.6 in indian markets . This rank is because og rival companies rolling out more models & more units. So as a follow to this strategy , toyota will produce more models & roll out more units.
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