Toyota to Establish New R&D Facility in India by 2027
Toyota is set to establish a new R&D facility in India by 2027, creating 2,000 initial jobs and expanding to 3,000 engineers. The center will initially focus on the Indian market, eventually serving global needs. Toyota is also collaborating with Suzuki to optimize electric vehicle development.
Toyota Motor Corporation has announced its plans to establish a Research and Development (R&D) facility in India by 2027, a move aimed at bolstering the Indian automotive sector. This facility will be developed through Toyota’s Indian subsidiary, which has been operational for over 25 years, and will be situated in Bengaluru, near Toyota’s manufacturing site in Bidadi.
According to reports from Bloomberg, this new R&D center will represent Toyota’s third R&D unit in the Asia-Pacific region, following those in Thailand and China. It is expected to create approximately 2,000 jobs initially, with plans to expand by hiring an additional 3,000 engineers over the next two years.
The R&D facility aims to address the needs of the Indian automotive market initially, but it is projected to evolve into a hub catering to the global automotive sector. The center’s focus will eventually include developing models for markets such as the Middle East, East Asia, and Oceania, potentially positioning India as a central hub for Toyota’s R&D operations.
Furthermore, Toyota is set to analyze the research and development activities of Suzuki in Rohtak, which is recognized as one of India’s major automotive engineering centers, employing approximately 3,000 personnel. This follows their ongoing partnership with Suzuki, which has yielded several collaborative automotive models.
Historically, Toyota contemplated establishing its R&D facility in India back in 2010, but it is now prioritizing the enhancement of its collaboration with Suzuki to optimize R&D and product development, particularly for electric vehicles in India. Currently, as Maruti Suzuki prepares to launch the e Vitara, Toyota has released its own version, the Urban Cruiser EV, which is set to be produced at Suzuki’s Gujarat plant and subsequently exported to various international markets.
In summary, Toyota’s forthcoming R&D facility in India marks a significant investment in the Indian automotive industry, aiming to generate employment and foster innovation. With plans to expand beyond local needs and engage in global automotive development, this facility symbolizes a strategic leap for Toyota, strengthening its partnership with Suzuki. The collaboration promises advancements in electric vehicle development while potentially establishing India as a key player in Toyota’s global operations.
Original Source: www.financialexpress.com
