The new company, Minda TG Rubber Pvt. Ltd. (MTG), is located in Bawal, Rewari district, Haryana, about 100 miles southwest of New Delhi, and is scheduled to start operation in September 2015. MTG will have a capital of 350 million Indian Rupees (4,54 million Euro). The invest for the new company is planned to be 680 Mio. Indian Rupees (8,83 million Euros). The plant will have approximately 6,200 m2 production area and approximately 140 employees in 2019. Sales should be at approximately 1 billion Indian Rupies (13 million Euros) in 2019. The shares oft he three owners are NK Minda Group 51%, Toyoda Gosei Co., Ltd. 44% and Toyota Tsusho Corporation 5%.

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