Japanese automotive giant Toyota marked the commencement of its new Corolla hybrid’s mass production in Türkiye at a ceremony honored by the Turkish Vice President Fuat Oktay, Industry and Technology Minister Mustafa Varank, Investment Office President Arda Ermut, Toyota Türkiye CEO and General Manager Toshihiko Kudo, and Toyota Motor Europe President and CEO Dr. Johan van Zyl.
During his address at the opening ceremony at Toyota's Sakarya plant, Vice President Fuat Oktay said that Türkiye is determined to boost the production of hybrid and electric vehicles. “The support packages included land allocations and tax reductions among others, and we are prepared to introduce new incentives when necessary. We believe Toyota hybrid’s production in Türkiye is a great leap forward globally. The Investment Office has helped companies that want to invest in Türkiye, and we have made no discrimination against international companies that have put trust in the Turkish economy,” said Oktay.