Toyoda Gosei Co., Ltd. is establishing a new plant in Bawal in the Indian state of Haryana to meet the expected growth in demand for airbags and other parts with expanding automobile production and stronger safety regulations in India.
The new plant is being established as a branch of our Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN), and will provide airbags, weatherstrips and other automotive parts to local Japanese automakers from March 2017. The investment associated with the new plant will be about 550 million rupees (approximately 900 million yen*).
*Calculated with 1 rupee = 1.6 yen
Outline of Bawal Plant (new plant)
| Plant name | Toyoda Gosei Minda India Bawal Plant |
| Location | Bawal, Haryana, Republic of India |
| Start of production | March 2017 (planned) |
| Investment | Approximately 550 million rupees (approximately 900 million yen) |
| Products | Safety Systems (driver-side airbags, passenger-side airbags, steering wheels) Weatherstrips (opening weatherstrips, glass runs, other) |
| Area | Land: Approximately 20,000 m2 / Plant: Approximately 8,000 m2 |
| No. of employees | Approximately 440 (as of March 31, 2017) |
Outline of TGMIN (reference)
| Company name | Toyoda Gosei Minda India Private Limited |
| Established | April 2008 |
| Location | Neemrana, Alwar Rajasthan, Republic of India |
| Capital | 3.29 billion rupees |
| Equity shares | Toyoda Gosei Co., Ltd. (86.8%) Minda Investments Limited (8.2%) Toyota Tsusho Corporation (5%) |
| Products | Safety Systems (driver-side airbags, passenger-side airbags, steering wheels) Weatherstrip products (opening weatherstrips, glass runs, other) |
| No. of employees | 928 (as of March 31, 2016) |
| Sales | Approximately 3 billion rupees (FY2015 results) (Approximately 4.8 billion yen) Approximately 6 billion rupees (FY2020 forecast) (Approximately 9.6 billion yen) |
