Toyoda Gosei to invest US$ 60 million in new India components plant
Asia Nikkei, 25 September '26
Toyoda Gosei, an auto parts manufacturer affiliated with Toyota Motor, is preparing to establish a new plant in Maharashtra to support the growing Indian automotive market and the planned expansion of Japanese automakers' production capacity in the region.
The new facility will be located in the Maharashtra Bidkin Industrial Area and will be established as a branch plant of Toyoda Gosei South India. The company plans to invest approximately Rs. 5.76 billion (US$ 60 million) in the facility, with construction scheduled to begin this year and operations expected to start in the first half of 2029.
Production will focus on large interior and exterior components, including bumpers and instrument panels, as well as airbags. The timing of the plant's operations is expected to coincide with Toyota's planned opening of a new plant in Maharashtra.
The new facility will be Toyoda Gosei's eighth production and development location in India. Most of the company's existing facilities are located in northern or southern India. Staffing at the new plant is expected to reach approximately 570 employees by 2030.
Toyoda Gosei plans to use advanced manufacturing technologies at the Maharashtra facility to improve production efficiency and support increasing production capacity among Japanese automakers, which are among its main customers. These technologies will include large moulding machines capable of automatically changing moulds and other production setups, as well as production management systems using the Internet of Things (IoT) and digital transformation (DX).
The plant will also incorporate "smart automated processes" designed to minimise investment costs by combining collaborative robots with karakuri technology. Toyoda Gosei will use these technologies alongside its production management systems to support efficient manufacturing.
The company views India as a key market as demand expands beyond the compact cars that have traditionally driven vehicle sales, with sport utility vehicles (SUVs) becoming increasingly popular. Toyoda Gosei plans to continue expanding its development and production network in the country to contribute to safer and more comfortable mobility.
Toyoda Gosei aims to increase its revenue in India by 60% between 2025 and 2030. Its revenue in India was JPY 51.8 billion (US$ 326 million) in fiscal 2025.