News from TOI-
Japanese auto major Toyota said on Monday that it is considering to set up an engine and transmission plant in India as it looks to use more vehicle-parts made here in its cars than import
TKM is investing Rs 3,200 crore (Rs 32 billion) in the second facility, which will have an initial capacity of 70,000 units as it gears to launch a small car in the Indian market by early 2011. Depending on demand the firm may increase the installed capacity to 200,000 units.
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