The Government of Karnataka has provided a booster for Toyota Kirloskar small car project by extending tax concession of upto Rs 80 crore for a three year period. The company is expanding its manufacturing facility at Bidadi.
Toyota Kirloskar, as part of its expansion plans to set up a small and compact car manufacturing unit and would invest about Rs 3,200 crore thereby creating 2,000 jobs. As the company already has a manufacturing facility,it will get exemption from entry tax and other benefits for its expansion.