The world's largest car maker- Toyota is revamping its production facilities to almost double up its capacity. As the, auto major is currently in the process of setting up its new plant in Bangalore. The company is pumping investments to the tune of $680 million for this manufacturing plant which is expected to be operational by the end of this year.

This upcoming plants form the company's stable is said to have an annual production capacity of 70,000 units.

Besides this the company also plans to roll out new models in India in hybrid and small car segments. As it has also, earmarked plans of launching Etios in India in both sedan and hatchback versions.

Currently the car maker is in joint venture with the Kirloskar Group.

With the launch of this plant, the company will also look out for introducing models that are specifically suited to the Indian markets and will be priced around Rs. 10 lakh.

Interestingly by the end of next year, the company's total production capacity will scale up to 140,000 cars. As the company's total current production capacity is around 70,000 units annually.

Industry analysts expect that Car sales in India are will go up by 30 per cent this year.