Toyota Kirloskar Motor Pvt Ltd (TKML), the Japan's Toyota Motor corp, the world's largest passenger car maker, is contemplating to pour in an additional Rs 800 crore to expand the capacity of its manufacturing unit on Bidadi near Bangalore.
With this investment from TKML, the total investment in the Bangalore plant would rise up to Rs 4,000 crore by 2016. The company is in the process of investing Rs 3,200 crore in a second plant at the same site, which is under construction, to produce a small car for India which will be ready by 2010. The additional Rs 800 crore investments will be invested during 2011-2016. The company has so far invested Rs 1,700 crore for its first plant, starting from 1997, which has an annual capacity of 60,000 units. Including the fresh investment, Toyota's total investment in India will go up to Rs 5,700 crore by December 2016.
The second car plant, with an annual capacity of 1,00,000 units, is scheduled to be completed and commissioned in December 2010 to produce the small car.
TKML had set up the first plant in 1999 on the Bangalore-Mysore expressway to roll out a multi-utility vehicle Qualis during the first five years of operations. It phased out Qualis and introduced Toyota Innova in 2005. It also began assembling Toyota Prado, a sports utility vehicle.