Plans to enhance production network
Japan’s Toyoda Gosei Co Ltd has established the Gurgaon Office to increase sales in the rapidly growing market and a further step in localization of product development.
The new subsidiary, Toyoda Gosei Minda India (TGMIN), located in a suburb of New Delhi to speed up business by locating engineering and sales operations closer to the head office of its main customer, Maruti Suzuki India Limited.
These operations were previously situated at TGMIN’s head office in its Neemrana Plant. Together with this relocation, local development operations will be enhanced by increasing the number of employees and expanding facilities.
Toyoda Gosei views India as an important market and is taking steps to enhance its production network in the country, including the scheduled start of operations of a new TGMIN Gujarat Plant in western India in October 2018.
The company is targeting sales of 35 billion yen, over two times the current level, for all of India by 2025.
Established in 1949 and headquartered in Kiyosu, Aichi Prefecture, Japan, Toyoda Gosei is a leading specialty manufacturer of rubber and plastic automotive parts. fiinews.com