Toyota to make EV parts in India for domestic, export markets

NEW DELHI : Toyota Motor Corp plans to make India a manufacturing hub for electric vehicle parts to meet demand there as well as for export to Japan and some ASEAN countries, a senior company executive told Reuters.

He did not name the countries in ASEAN, or the Association of Southeast Asian Nations, that Toyota would export to. The bulk of the investment in India will be made by Toyota's local unit, Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts , a joint venture of Toyota Motor Corp, Aisin Seiki Co and Kirloskar Systems, the company said on Saturday.

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