The leading global supplier to the automotive industry, Toyoda Gosei, will restructure its production subsidiaries in India to optimize its production network in that country. The company will transfer all its shares in Toyoda Gosei South India Pvt. Ltd. (TGSIN) to Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) in 2020.
TGSIN supplies interiors and exteriors and other parts mainly to Toyota Motor in South India, while TGMIN supplies airbags, steering wheels, and other parts, mainly to Suzuki Motor in North India. With this restructuring, Toyoda Gosei intends to develop a more flexible supply system in India that is not bound by product categories, TG One India.
The company explained that India is a market of focus in its medium and long term 2025 Business Plan. Toyoda Gosei established TGMIN’s Gujarat Plant and Gurgaon Sales and Engineering Office in 2018 and says it will continue to enhance its development and production capacity in this emerging market.