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Toyota to Build Small Car Plant in India
11 February 2007
Nikkei. Toyota Motor Corp. plans to construct a small-car assembly plant in southern India by 2010, its second Indian manufacturing facility.
Toyota’s current market share in India is about 4%. The new plant will initially produce 100,000 entry-level family cars a year, doubling the company’s output capacity in India.
India’s passenger car sales are expected by some to increase to about 2 million units in by fiscal 2010, up from about 1.4 million units in fiscal 2006.
February 11, 2007 in Brief | Permalink | Comments (1) | TrackBack (0)
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Posted by: Mridul Kashatria | February 11, 2007 at 09:51 AM
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Good Idea!
Toyota, please bring hybrid cars to India too.