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Home arrow News arrow New Project news arrow Toyoda Gosei setting up manufacturing and assembly plant in Neemrana
Toyoda Gosei setting up manufacturing and assembly plant in Neemrana Print E-mail
Written by Ganesh   
Friday, 13 June 2008
The ultra low-cost car segment in India attracts Japanese component manufacturer

Mumbai: Japanese component major, Toyoda Gosei, is developing low-cost products to take advantage of the expected small-budget car boom in India. Its new subsidiary, Toyoda Gosei India Pvt.Ltd, has been set up in Rajasthan to undertake the manufacture of Automobile Safety Systems, airbag modules, Body Sealing and Steering Parts. Toyoda Gosei will invest Rs 45 crore in the new plant which is likely to start production in April next year.

The Rajasthan State Industrial Development & Investment Corporation (RIICO) is supporting the company to set up the plant at Neemrana. RIICO has allocated 80,000 square metres of land to the company.

Takashi Matsuura, president of Toyoda Gosei, said that the company is planning to set up a research and development lab in India to help them develop and manufacture low- cost products. He added that the company had plans to gradually expand its product lines across various segments of the Indian car market.

Hideaki Domichi, Ambassador of Japan in India was present at the foundation-stone laying ceremony of the plant performed on May 28.

The 5 billion dollar Toyoda Gosei is part of the Toyota group and manufactures auto components like body sealing parts, interior/exterior parts and safety parts like airbags. The company supplies its products to international auto majors Honda, Toyota, General Motors and Nissan.

The company already has a presence in India through two joint ventures with Kirloskar (TG Kirloskar Automotive ) and with Cooper Standard (Metzeler Automotive Profile India).

 
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