The third-generation Highlander made its debut at the Indiana plant in 2013 and was mildly refreshed for the current model year.
The investment for the current and next-generation Highlander “will be used for retooling, new equipment and advanced technologies to make the plant more competitive,” Toyota said.
In early January, Trump threatened to impose “a big border tax” on Toyota Motor Corp. vehicles imported to the U.S. from Mexico, one of several attacks he launched on automakers via Twitter. Trump referenced Toyota’s plans to import Corollas from a new plant in central Mexico that it broke ground on late last year.
Toyota’s only current auto plant in Mexico is in Tijuana, where it makes the popular Tacoma midsize pickup truck. That plant is currently undergoing a $150 million expansion to increase capacity to about 160,000 trucks a year from its current 100,000.
Toyota also imports small cars from Mexico that are made by Mazda but sold under the Toyota brand.