April 25 (Reuters) - Toyota Motor Corp ( TM ) said on

Thursday it would invest $1.4 billion in its Princeton facility

in Indiana to prepare for assembly of a three-row battery

electric SUV.

This brings up Toyota's ( TM ) total investment in Indiana to $8

billion and adds up to 340 new jobs at the Japanese automaker.

The latest investment comes after the company had said in

February it would invest $1.3 billion at its Kentucky facility

for electrification efforts, including assembly of a new,

three-row battery electric SUV for the U.S. market.

Toyota's ( TM ) Indiana facility is home to more than 7,500 team

members who assemble its popular models such as Sienna vans,

Highlander, Grand Highlander and the Lexus TX.

Apart from building new vehicles, the plant is supposed to

add a new battery pack assembly line using lithium-ion

batteries, supplied by the carmaker's battery manufacturing

plant in North Carolina.

Toyota ( TM ) earlier in the day said its global sales and

production hit record highs in the year ended March 31,

supported by robust demand and the absence of semiconductor

supply constraints it had to endure in recent years.