Electric Vehicles Manufacturing

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The world's largest car company Toyota Motor Corp is going to make India a manufacturing hub for electric vehicle parts.

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Manufacturing of parts of electric vehicles in India by Toyota Motor will bring investment of billions of rupees in the country.

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Toyota Motor will also export to many ASEAN countries from this EV manufacturing hub to meet the local demand.

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Vikram Gulati, Executive Vice President, Toyota Motor said that Toyota is preparing to set up a manufacturing hub in India.

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The company will make e-drive i.e. electric powertrain in India, which is used in Battery EV, Plug-in Hybrid

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Toyota is about to invest Rs 4,800 crore ($621 million) in India to localize the supply chain of electric vehicles.

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The Government of India is currently giving an incentive of billions of dollars for making electric vehicles and their parts in the country.

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Toyota will make most of the investment through its local units Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts.

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TATA's new electric car has arrived, will run more than 300 km with just one charge.

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