12/02/2009,Asian Age
The Japanese car manufacturer, Toyota Kirloskar Motors will roll out its new compact car planned for the Indian car market in 2011.
Mr Venkat Krishnan R, deputy general manager (south), Toyota, said: "We are planning to launch our small car especially focused on the Indian market, by the end of 2011." Toyota will use its second plant at Bidadi near Bengaluru to manufacture the small car. "Production will start in 2010 at our new plant at Bidadi in Bengaluru."
Earlier, Toyota Kirloskar Motors , MD Mr Hiroshi Nakagawa, had said: "We are investing Rs 3,200 crore for setting up oursecond manufacturing plant in Bengaluru where the new car will be manufactured."
"In the first phase, our plant has a capacity of 70,000 units and later on we will increase it, according to the market demand." He, however, said that the project cost is still being worked out.
The company also launched its new Innova in the Andhra Pradesh Market on Wednesday.
Mr Venkat Krishnan R, deputy general manager (south), Toyota, said: "We are planning to launch our small car especially focused on the Indian market, by the end of 2011." Toyota will use its second plant at Bidadi near Bengaluru to manufacture the small car. "Production will start in 2010 at our new plant at Bidadi in Bengaluru."
Earlier, Toyota Kirloskar Motors , MD Mr Hiroshi Nakagawa, had said: "We are investing Rs 3,200 crore for setting up oursecond manufacturing plant in Bengaluru where the new car will be manufactured."
"In the first phase, our plant has a capacity of 70,000 units and later on we will increase it, according to the market demand." He, however, said that the project cost is still being worked out.
The company also launched its new Innova in the Andhra Pradesh Market on Wednesday.
The vehicle is available in Petrol variant. Mr Krishnan said: "We will also launch CNG version of Innova in 2010, which is under trails at Bengaluru plant and its price can be about Rs 70,000 more than the regular version."
When Asked about the crisis in Auto sector, Mr Krishnan said: " We hope that things will fall on places in the later of this year."
The company expects to be the market leader in MPV (multi-utility vehicle) segment. " In 2008, the MPV market saw a drop by 13 per cent, but we managed to keep it down to 6%."
For 2009, however, company targets to retain its volume of 44,000, which it sold in 2008.
For 2009, however, company targets to retain its volume of 44,000, which it sold in 2008.
No comments:
Post a Comment