SUVs are becoming popular in India, says Toyoda Gosei
Toyoda Gosei Co Ltd (TOKYO:7282) says its new JPY3.5 billion plant at Harohalli in Karnataka, scheduled to begin production of safety systems (airbags, steering wheels and more) and interior and exterior products (console boxes and others) from 2026, would meet the growing automobile production in India jpx.co.jp .
Demand for these products is growing due to the increase in production capacity of the Japanese automakers that are the company’s main customers bse , said the company from Kiyosu of the new plant, a branch of Toyoda Gosei South India Pvt Ltd.
The new plant will achieve more efficient manufacturing while production facilities for bumpers, instrument panels and other interior and exterior products will also be increased in the existing Techno Park Plant sbi . This will lead to an optimized production network in southern India, Toyoda Gosei said on 19 Sept. India is a key market for Toyoda Gosei.
Demand for airbags, one of the company’s main products, is growing against a background of rising traffic fatalities as the automobile market rapidly expands. Sports utility vehicles (SUVs) are also becoming increasingly popular in recent years, for which automakers are enhancing their production capacity nse . The company will leverage its development and production network in the country to contribute to safer and more comfortable mobility in society. fiinews.com
