Toyota Motor Corporation is set to construct three new vehicle assembly plants in Maharashtra, India, as part of its strategy to expand in emerging markets. This move is expected to triple its production capacity in India to 1 million units by the 2030s. The total investment for these facilities is estimated at 300 billion yen (approximately $1.9 billion), reflecting the growing importance of India as a manufacturing hub for the automotive sector. Currently, Toyota operates three existing plants in southern India, primarily serving the domestic market. The new plants will also focus on exports, positioning India as Toyota's fourth-largest production base globally, following Japan, China, and the United States. Additionally, the new facilities will manufacture plug-in hybrid vehicles, catering to environmentally conscious consumers. Toyota is scheduled to report its financial results on May 8 for the fiscal year ending March 2026.