Toyota unit to set up third plant in India’s Karnataka state for nearly $400 mln

A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron/File Photo

The Indian unit of Japan’s Toyota Motor Corp (7203.T) on Tuesday said it will set up a third manufacturing facility in the country’s Karnataka state for 33 billion rupees ($396.42 million).

($1 = 83.2440 Indian rupees)

Reporting by Munsif Vengattil; Editing by Sonia Cheema

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