Toyota Kirloskar Auto Parts will invest Rs5 billion ($90.3 million) to establish a third auto-parts manufacturing facility in Bidadi, India. The joint venture between Toyota Motor and Toyota Industries of Japan and Kirloskar Systems of Bangalore, India, produces manual transmissions for Fortuner SUVs manufactured in India, Thailand and Argentina. It also builds front and rear axles for Innova minivans made in India. The new plant will manufacture 240,000 castings of engine parts and ...

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