Toyota Is Ramping Up EV Manufacturing In India

Learn more about Toyota’s ambitious plans to kickstart EV battery production in India, and how making batteries and other EV parts could help the country meet its carbon neutrality goals by the year 2050.
Written by Jason Crosby
Reviewed by Kathleen Flear
Jun 8, 2022
Toyota
has set its sights on India as the location for a multi-million dollar EV producing deal with Toyota Kirloskar Motor, a majority Indian-owned Toyota subsidiary. 
The new deal will fixate on making India a hotspot for EV battery production, taking advantage of low production costs, strengthening India’s supply chain, and helping India to achieve its carbon neutrality goal by the year 2050. 
Toyota may be making moves in India, but it’s time that you made some of your own as well. That’s why it’s the perfect opportunity to see if you’ve been overcharged for your
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Toyota’s massive new deal

Just Auto
brings to light the massive $624 million dollar deal that’s going down between Toyota’s headquarters in Japan and their subsidiary, Kirloskar Motor. The new deal isn’t going to build new facilities, but it will utilize manufacturing locations in Karnataka, which is in southern India.
Yet another subsidiary will also be spending the same amount in order to expand EV operations in a nearby area. Combined, this is an over $1 billion dollar deal, one of the largest seen yet this year. But what exactly does it spell for the future of Toyota’s
EVs in India

India wants to become carbon neutral by 2050

Part of this push can be explained by a worldwide effort from governments and the car companies within their borders to bounce back from a massacred global supply chain. 
This global manufacturing web was damaged by the pandemic. In the chaos of pushing EV development during the pandemic, it seems much of the EV market has been monopolized by China, which, according to
South China Morning Post
, has the largest supply of lithium in the world. Lithium is the main component in EV batteries, and India, besides the U.S., is China’s main economic competitor. 

What will be the benefits of Toyota’s expansion?

The new operation underway will create 3,500 new jobs in the Karnataka region, as well as help India start clawing its way toward its carbon-neutral goal, which they hope to reach by the year 2050. 
Having a domestic-based EV supply chain that builds both batteries and EV parts will keep costs down and make it easier for Indian citizens to purchase an EV, too. 

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