Focus on India in 2025 business plan
Toyoda Gosei Co Ltd intends to develop a more flexible supply system in India that is not bound by product categories.
Toyoda Gosei’s focus on Indian market as part of its medium and long term 2025 Business Plan, said the company in a release on 2 Apr 2020.
The company established Toyoda Gosei Minda India Pvt Ltd (TGMIN) plant in Gujarat and Gurgaon Sales and Engineering Office in 2018.
It will continue to enhance its development and production capacity in this emerging market.
The plan starts with the restructructing of Indian subsidiaries to optimize its production network.
It will transfer shares in Toyoda Gosei South India Pvt Ltd (TGSIN) to TGMIN in 2020.
TGSIN supplies interiors and exteriors and other parts mainly to Toyota Motor in South India, while TGMIN supplies airbags, steering wheels, and other parts mainly to Suzuki Motor in North India. fiinews.com
