# Toyota group to invest ₹4,800 crore in EV parts production in Karnataka

Toyota Kirloskar Motor, Toyota Kirloskar Auto Parts, and Toyota Industries Engine India will invest about ₹4,800 crore in Karnataka to locally produce electric vehicle components, creating around 3,500 new jobs.

- Type: Investment
- Announced: 2022-05-07
- Where: Karnataka, India
- Value: $624.0M (48.0B INR)
- Jobs: 3,500
- Status: announced
- Products: electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Kirloskar Motor](https://endata.com/companies/42675.md)
- [Toyota Kirloskar Auto Parts](https://endata.com/companies/62742.md)
- [Toyota Industries Engine India](https://endata.com/companies/62743.md)

## Sources

- [navbharattimes.indiatimes.com](https://navbharattimes.indiatimes.com/business/business-news/toyota-to-invest-rs-4800-crore-on-production-of-ev-parts/articleshow/91404781.cms), 2022-05-07: "टोयोटा समूह और टीआईईआई मिलकर लगभग 4,800 करोड़ रुपये का निवेश करेंगे।"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.