Newsandmore...

Team journal

Home Politics Religion Media Biz Society Tech Travel Books Intl. Autos Automobiles
                        Movies   Aviation   Pharma   About Us   Feedback

 
 
 
 
 
Friday, January 19, 2007
Toyota to make a splash with small cars in India, Brazil
Emerging car marts like India, Brasil, China and Russia will soon see an invasion of low-cost cars from Japan. Auto major Toyota Motor is the company which is planning a low-cost small car, specifically for the emerging markets including India.

The low cost car is expected to be launched by 2010. Reports from Japan's automotive industry said that the car would have a 1,000 cc petrol engine and would cost around $6,500. This would mean that it would be just under below Rs 3 lakh in India and would compete with the Maruti Alto, Hyundai Santro and the Tata Indica Xeta.

It has been a while since Toyota had been planning a small car for markets like India. With the revenues now more from the small car segment Toyota too doesn't want to be left behind. The Toyota vehicles on Indian roads are currently limited to the MPV and premium sedan segments.

Many a newspaper in Japan has reported that Toyota is also looking at an alliance with Ford Motor. The alliance between the two would be limited to development of technology and is unlikely to involve any financial investments.

The global trend is that auto manufacturers are seeking closer ties to bring down costs and stop the decline in margins. Ford is rumoured to be working towards an alliance with Nissan-Renault.

Labels: ,

posted by a correspondent @ 10:33 AM    
0 Comments:
Post a Comment
<< Home
 
 

PREVIOUS STORIES

CATEGORIES

ARCHIVES

 
  • September 2004
  • October 2004
  • November 2004
  • December 2004
  • January 2005
  • February 2005
  • March 2005
  • May 2005
  • August 2005
  • March 2006
  • April 2006
  • May 2006
  • July 2006
  • November 2006
  • December 2006
  • January 2007
  • February 2007
  • March 2007
  • May 2007
  • September 2007
  •  

     

       

     

    Atom Feed