Toyota Motor Corporation (NYSE:TM) is set to invest $195 million in Indonesia.

Toyota Motor Corporation (NYSE:TM) To Step Up Investment

Asia’s largest automaker Toyota Motor Corporation (NYSE:TM) will invest $195 million in Indonesia to boost its capacity to 50,000 units per year.

This investment will be used to set up the Karawang 2 plant by early 2014 and to increase production.

The company will produce new model vehicles at its No. 2 plant. It sold 311,136 vehicles last year.

Yukitoshi Funo, Toyota Motor Corporation (NYSE:TM)’s vice president for Indonesia, said, “The additional capacity will increase Toyota Motor Corporation (NYSE:TM)’s annual output at Karawang Plant No. 2 to 120,000 units by early 2014. That will boost total local capacity to 230,000 units a year”.

Toyota Motor Company (NYSE:TM) company shares are currently standing at 81.05.

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