Toyota to invest Rs 25,000 crores
A total of 24,000 new jobs will be created. The new plant will produce 4 lakh vehicles per annum. In the next three years, car production will start at the factory," he said. Till now, toyota was concentrating only on Karnataka. There are two factories in Karnataka. Last year, Toyota announced that it would open a third plant and start production in 2026. Subsequently, the factory is being set up. Toyota officials said the plant will manufacture both electric vehicles and petrol and diesel vehicles at Sambhaji.
The agreement was signed in the presence of maharashtra chief minister Eknath Shinde. Earlier, a sub-committee of the maharashtra Cabinet had approved seven mega industrial projects worth Rs 81,000 crore. The factory is located in Konkan, Marathwada and Vidarbha. These investments will be made in semiconductors, lithium batteries and green energy. A Rs 12,000 crore semiconductor manufacturing plant will be set up in Taloja near Mumbai. According to the maharashtra government, these projects will provide direct employment to 20,000 people.