Toyota plans to make EV parts in India for domestic, export markets
NEW DELHI (Reuters) – Toyota Motor Corp plans to make India a manufacturing hub for electric vehicle parts to meet demand there as well as for export to Japan and some ASEAN countries, a senior company executive told Reuters.
The carmaker plans to start by producing e-drives or electric powertrain parts used by different electric vehicle types, including battery EVs, plug-in hybrids and other hybrid models, Vikram Gulati, executive vice president at Toyota Kirloskar Motor said.
“The aspiration is to make India the manufacturing hub for cleaner technologies. This is about creating the building blocks,” Gulati told Reuters.
He did not name the countries in ASEAN, or the Association of Southeast Asian Nations, that Toyota would export to.
