Company Announcements

KIYOSU, Japan--(BUSINESS WIRE)--Sep. 19, 2024-- Toyoda Gosei Co., Ltd. (TOKYO:7282) will open a new plant in Harohalli in the state of Karnataka, India to meet the growing automobile production in that country.

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Rendering of new plant (Graphic: Business Wire)

The new plant is a branch plant of Toyoda Gosei South India Pvt. Ltd.¹, and scheduled to begin production of safety systems (airbags, steering wheels and more) and interior and exterior products (console boxes and others) from 2026. Demand for these products is growing due to the increase in production capacity of the Japanese automakers that are the company’s main customers. The new plant will achieve more efficient manufacturing, with Toyoda Gosei’s original, simple/slim & sensible automation that combines collaborative robots and karakuri² technology, and energy-efficient electric molding machines. Production facilities for bumpers, instrument panels and other interior and exterior products will also be increased in the existing Techno Park Plant. This will lead to an optimized production network in southern India.

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. The company will leverage its development and production network in the country to contribute to safer and more comfortable mobility in society.

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Toyoda Gosei Co., Ltd.
Contact: Public Relations
inquiry@mlist.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.