Toyotais set to invest $340m in a second plant on the outskirts of Bangalore that will produce its planned low-cost car. The move will improve the Japanese carmaker's position as it jockeys for business in one of the global industry's fastest-growing and most strategically important markets. India, with its large pool of first-time carbuyers and cheap engineering and manufacturing skills, is emerging as the car industry's biggest new centre of low-cost production. Renault, General Motors, and Suzuki all produce low-priced vehicles in the country.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/toyota-set-invest-340m-bangalore-low-cost-car-plant
[2] http://admin.indiaenvironmentportal.org.in/category/author/john-reed
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-times-london
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cars
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/toyota-motor
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bangalore-t
