Business growth will respond flexibly-swiftly to customers’ procurement needs
Toyoda Gosei Co Ltd’s (TOKYO:7282) will enhance the production capacity at its Neemrana Plant to meet the growing demand for airbags as safety regulations become stricter in India.
Driver and passenger side airbags for frontal collisions are increasingly equipped on vehicles in India. The use of side and curtain airbags to protect vehicle occupants in side collisions is also predicted to expand, said Toyoda Gosei on 9 Feb 2023.
To meet the accompanying growth in demand, subsidiary Toyoda Gosei Minda India will expand its Indian headquartered Neemrana plant and install airbag production equipment.
Toyoda Gosei considers India, where automobile production is increasing, to be a key market. The company has built up an optimum production and development network in the northern, western and southern parts of India where its main customers, Suzuki and Toyota, are located.
It will grow its business by responding flexibly and swiftly to customers’ procurement needs with a focus on airbags, one of the company’s major products.
Toyoda Gosei will contribute to safe and secure mobility in society through the spread of safety equipment.
Toyoda has invested JPY2.2 billion in India since April 2008. It has 1,100 employees. fiinews.com
