..
Many an auto maker is mulling over making their presence felt in the small car segment in India. The latest bid has come from Toyota Kirloskar Motor, which has hinted at entering small car business. The move may be seen as an attempt to boost sales to two lakh units by year 2010.
An announcement t this effect is expected from Toyota Kirloskar Motor soon. The company is in fact studying how to grow in the Indian market, and a decision would be taken at the right time.
The company’s Bidadi plant in Bangalore boasts of a capacity of 60,000 units per annum. The mall car from Toyota might be designed by Toyota group firm Dahitsu, the a major in the mini-cars scene. However, the company has not taken a final decision on whether Daihatsu or Toyota would introduce a model from their stable in the Indian market.
The Kirloskar group has 11 per cent stake in Toyota Kirloskar Motor and has investments amounting to Rs 1500 crore. Four new models are in the offing, it has been reported.
Meanwhile, a related report said that the Toyota Motor Corp plans to produce more cars overseas than in Japan for the first time ever in 2007. The Japanese behemoth would expand overseas car production to around 4.4 vehicles, up from 4 million in 2006. It may be noted that Toyota had in 2003 overtaken Ford Motor Co as the world's No. 2 automaker in annual global vehicle sales.Labels: Auto Industry, Cars |
