Toyota Motor plans to build three vehicle assembly plants in Maharashtra, tripling its India production capacity to one million units by the 2030s, as stagnating demand in the United States and China forces a strategic reallocation toward faster-growing emerging markets, according to a Nikkei report dated May 1, 2026.
Total investment is estimated at approximately 300 billion yen, or $1.91 billion. The three new facilities will bring Toyota’s India plant count to six, with existing southern plants continuing to serve the domestic market while the Maharashtra facilities will handle both local supply and exports, expanding India’s role from a domestic-demand market to an active export platform.
The Maharashtra investment positions India as Toyota’s fourth-largest production base globally, and the shift reflects a structural divergence in Toyota’s global capacity priorities.
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