📋 Tender Overview
Scope :
Toyota plans to invest BRL11bn (US$2.2bn) in its Brazilian operations by 2030 to expand capacity and to switch production to flex fuel hybrid vehicles. The automaker is the latest to step up investment in South America’s largest economy in response to new incentives announced by the Brazilian government in December aimed at reducing the industry’s carbon emissions. Toyota said BRL5bn would be invested by 2026 to build a new plant in Sorocaba in Sao Paolo state to produce a previously announced new compact hybrid flex fuel model from 2025 and also a nearby production facility for hybrid vehicle batteries by 2026.
