Toyoda Gosei: Merging of two group companies in India
Toyoda Gosei Co., Ltd. announced that it will merge its two group companies in India, Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) and Minda TG Rubber Pvt. Ltd. (MTG), to improve its management efficiency in the Indian market, an area of focus in Toyoda Gosei’s medium-term 2025 Business Plan. According to the company, MTG in Bawal, Haryana, India, will in future operate as TGMIN’s Bawal Plant 2 and continue to produce functional components, e.g. fuel tank module components, power train parts as well as chassis and drive train parts, for the automotive industry.
TGMIN’s Gurgaon Sales and Engineering Office was established and a new plant was put into operation in Gujarat in 2018 to strengthen the company’s operational structure. In addition, Toyoda Gosei South India Pvt. Ltd. (TGSIN) was made a subsidiary of TGMIN in 2020 to pull together Toyoda Gosei’s organisation in India with the aim of efficiently integrating operations nationwide. This merger marks the final step in Toyoda Gosei’s recent efforts to consolidate its business in India, said the company.
Through the integration of operations in cooperation with its joint venture partner in India, the Uno Minda Group, Toyoda Gosei will continue to grow its business in this emerging market, the company said.
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