Toyota to invest around USD625 million to produce EV powertrain components in India’s Karnataka state

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Investments

Kirloskar Motor and Toyota Kirloskar Auto Parts, will pitch in INR4,100 crore while Toyota Industries Engine India will invest INR700 crore

Toyota is set to invest around INR4,800 crore (USD625 million) in Karnataka, India to produce powertrain parts and other components for electric vehicles (EVs), the Economic Times reported on 7 May.

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