The Japanese car manufacturer, Toyota Motor Corporation, will launch an innovative small car designed specially for the Indian terrains. The all-new compact car is said to be unique from Toyota’s existing models in the same segment.
According to Mr. Vikram Kirloskar, Vice-Chairman of Toyota's Indian arm, Toyota Kirloskar Motor Ltd., “India will be the first country where Toyota will launch an innovative compact car. The car is being designed specially for the local market.”
The company is also building its second plant at Bidadi, about 40 km from Bangalore with an investment of Rs.14 billion to manufacture series of passenger cars and multi-utility vehicles.
Mr. Vikram Kirloskar further said, “Though the new facility will be built to manufacture three-four models, the production unit will be used to manufacture the small car first.”
There has been a good support from the Karnataka’s Chief Minister B.S. Yeddyurappa who laid the foundation stone for the new manufacturing plant that will have a test track and additional space for suppliers and other vendors.
The constructing of the new plant is expected to complete by 2010 having an installed capacity of 100,000 units annually and would also employ about 2,400 people.