Toyota to launch small car by year 2010; will set up new plant in Bangalore

Toyota plans small car by 2010

Indian consumers will have more choice in small car segment with auto major Toyota announcing the expected launch of their small car by year 2010. Top officials at Toyota recently said that the small car will make its debut in India very soon.

Toyota manufactures Innova and Corolla at its present facility in Bangalore. The company imports Luxury Sedan Toyota Camry and SUV Prado for Indian markets.

Toyota will use its second plant at Bidadi near Bangalore to manufacture the small car. Small car sector may see a lot of action within next two years with many companies targeting Indian consumers.

Japanese auto major Suzuki and Korea’s Hyundai Motors also announced their plans to enter small car segment. Hyundai has witnessed a great response from Indian markets. Hyundai i10 was first launched in India.

Small cars get concession in excise duty compared to other variants. Small cars are charged at 12% excise duty only.

TKS Deputy managing director Mr. KK Swamy said that by year 2010, around 50 new models of cars will be launched in Indian market for different segments. With so many new variants, the consumer will have a wide choice while the manufacturers will have to face stiff competition.

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