Toyota Kirloskar Motor pledges Rs 20,000 crore investment in Maharashtra for a manufacturing unit

Mumbai (Maharashtra) [India], July 31 (ANI): Automobile company Toyota Kirloskar Motor has signed a Memorandum of Understanding with the Maharashtra government for an investment worth Rs 20,000 crore for a hybrid and electric vehicle unit.

The MoU was signed on Wednesday in the presence of Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis.

"The project will produce electric and hybrid cars at Chhatr