Toyota is exploring the possibility of setting up an R&D facility and engine plant in India, the head of its joint venture said on Friday. Managing director of Toyota Kirloskar Motor (TKM) Hiroshi Nakagawa said the proposal is at the discussion stage and it is his “wish and hope” that it would be established in future. Asked if the company has plans to set up an engine plant in India, Mr Nakagawa said: “If we have a chance, we should establish engine facility here in India.”
Source: Economic Times, Mumbai, 7th June 2010, p. 5