The investment has included upgrading the Durban plant and the programme is scheduled for completion by June 2027, Toyota South Africa Chief Executive ​Andrew Kirby said at the new Hilux line-off ceremony at the ​plant.

The company targets annual production of about 140,000 units of ⁠the new model eventually, including exports to Europe and elsewhere in Africa, ​after it phases out production of the existing Hilux model.

"At a time when ​both the global and the South African automotive industries are undergoing profound change, this investment reflects Toyota Motor Corporation's (7203.T) confidence in South Africa, our people, and our manufacturing future," ​Kirby told delegates.

The new-generation Hilux is equipped with more advanced safety systems ​and driver-assistance technologies as Toyota competes with Chinese brands such as GWM and Chery ‌that are ⁠expanding aggressively in South Africa.

"The global automotive industry is at a turning point, shaped by major disruptions driven by stricter emission regulations, technological advances, and new market entrants," he said.

Tightening emissions regulations in Europe are forcing South ​Africa-based automakers, which ​rely heavily on ⁠the region as an export market, to upgrade facilities and introduce cleaner vehicle technologies to meet evolving requirements.

Toyota South ​Africa's investment includes 3.2 billion rand in facility upgrades, including ​a ⁠new logistics centre for imported parts and a new chassis treatment and coating facility, as well as 7.2 billion rand spent on production preparation for the ⁠new-generation Hilux, ​including advanced manufacturing equipment, robotics and supplier ​tooling.

A third project, a new chassis frame welding facility incorporating advanced welding technologies, is scheduled for ​completion in June 2027.

($1 = 16.4119 rand)