Toyota Kirloskar has signed a Memorandum of Understanding (MoU) with the Maharashtra government to invest ₹20,000 crore in a greenfield project in Chhatrapati Sambhajinagar.

The project, which will focus on manufacturing electric and hybrid cars, is expected to bring significant economic benefits to the Marathwada region.

The project will cover 850 acres in Auric City and is expected to create approximately 16,000 jobs – 8,000 direct and 8,000 indirect. The manufacturing plant aims to produce four lakh cars annually.

The MoU was signed today at the Sahyadri Guest House in Mumbai in the presence of Chief Minister Eknath Shinde, Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, Industry Minister Uday Samant, and Housing Minister Atul Save.

Top executives from Toyota Kirloskar, including Vice-President Mansi Tata and Managing Director Masakazu Yoshimura, were also present.

Speaking on the occasion, Chief Minister Shinde highlighted the transformative potential of the project. He stated that the project will not only benefit Marathwada but also revolutionise the automobile manufacturing industry in India.

He said that the State government is fully committed to promoting electric vehicles and enhancing public transportation infrastructure. He asserted that the integration of Toyota’s international technology with state’s local expertise will create a robust manufacturing ecosystem.