Toyoda Gosei Enhances Airbag Production Capacity in Northern India

Rhea-AI Summary

Toyoda Gosei Co., Ltd. announced plans to enhance production capacity at its Neemrana Plant in India to meet the increasing demand for airbags due to stricter safety regulations. The expansion aims to address the growing need for both driver and passenger airbags, as well as side and curtain airbags for enhanced occupant protection. The company's focus on India, a key market with rising automobile production, reflects its strategy to adapt to customer procurement needs swiftly. The expansion will increase the building area from approximately 21,000 m² to 35,000 m², with operations slated to commence in September 2024, backed by an investment of JPY2.2 billion.

Positive

• Expansion of Neemrana Plant will increase production capacity for airbags.
• Investment of JPY2.2 billion demonstrates commitment to the Indian market.
• Expected operations start in September 2024 will align with growing automobile production.

Negative

• None.

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd.’s (TOKYO:7282) Indian subsidiary Toyoda Gosei Minda India Pvt. Ltd. will enhance the production capacity at its headquarters plant (Neemrana Plant) to meet the growing demand for airbags as safety regulations become stricter in India.

Production network in India (Graphic: Business Wire)

Driver and passenger side airbags for frontal collisions are increasingly equipped on vehicles in India. The use of side and curtain airbags to protect vehicle occupants in side collisions is also predicted to expand. To meet the accompanying growth in demand, Toyoda Gosei Minda India will expand its Neemrana plant and install airbag production equipment.

Toyoda Gosei considers India, where automobile production is increasing, to be a key market. The company has built up an optimum production and development network in the northern, western and southern parts of India where its main customers in that country, Suzuki and Toyota, are located. It will grow its business by responding flexibly and swiftly to customers’ procurement needs with a focus on airbags, one of the company’s major products. Through the spread of safety equipment, Toyoda Gosei will contribute to safe and secure mobility in society.

Outline of Toyoda Gosei Minda India (Neemrana Plant)

Established	April 2008
Location	Neemrana, Rajasthan, India
Land area Bldg. area	Approx. 78,000 m2 Approx. 21,000 m2 → After expansion approx. 35,000 m2 Operation scheduled to start in September 2024
Products	Safety systems (airbags, steering wheels, etc.) Weatherstrips
No. of employees	Approx. 1100 (as of Dec. 31, 2022)
Investment amt.	JPY2.2 billion

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005052/en/

Toyoda Gosei Co., Ltd.

Contact: Public Relations

Chiaki Toyoda

inquiry@mlist.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.

FAQ

What is the purpose of Toyoda Gosei's expansion in India?

The expansion aims to increase production capacity for airbags in response to stricter safety regulations in India.

When will the operations at the expanded Neemrana Plant start?

Operations at the expanded Neemrana Plant are scheduled to start in September 2024.

What is the investment amount for the Neemrana Plant expansion?

The investment amount for the expansion is JPY2.2 billion.

Why is India considered a key market for Toyoda Gosei?

India is a key market because of its increasing automobile production and demand for safety systems.

What new products will be produced at the Neemrana Plant?

The Neemrana Plant will focus on producing safety systems, including airbags and steering wheels.