Toyota Kirloskar Auto Parts now eligible to avail incentives under PLI scheme
Toyota Kirloskar Auto Parts (TKAP) announced on Friday that it has become eligible to receive incentives under the production-linked incentive (PLI) scheme for advanced automotive technology (AAT) products. This eligibility comes after TKAP receiv...
This development renders TKAP eligible to avail incentives under the PLI scheme, it added.
The product has also met the testing criteria of AAT, and is certified by the Automotive Research Association of India (ARAI), the company stated.
Established in 2002, TKAP is engaged in the manufacture and sale of automotive rear axles, propeller shafts, and transmission units.
In 2022, TKAP set up an advanced manufacturing facility to produce xEV Transaxle (e-Drive) for domestic supply to Toyota Kirloskar Motor and export to Japan and other Asian countries.
The new facility has an annual installed capacity of 1,35,000 units.
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