Daihatsu Technology for Small Cars In India from Toyota

Saturday 02 August 2008, 00:00 AM by Satish

Financial newspaper, Mint, reports that Japanese automaker, Toyota, may use its Daihatsu technology for launching its small cars in India. Toyota is planning to launch small cars in India by the year 2010. The new small car from Toyota shall be built entirely on a new platform that would especially cater to the Indian auto market demands. The company also plans to export its small car from India to overseas market. However, the exact launch dates are yet to be confirmed.

It has already stated its new manufacturing plant with a manufacturing capacity of 100,000 units per year. "The concept is ready, but we are still working on the product. We hope to finalise it before this year-end. In India, the company is well positioned in the niche segment. We are now gearing up to enter the mainstream of motorisation," says Akira Okabe, Senior Managing Director and Board Member, Toyota Motor Corp.

Toyota is currently world's largest auto maker by sales. However, it holds only 3 percent of market share in India. It plans to capture at least 10 percent passenger car market share in India by 2010. It is set to double its investments in India from Rs. 1400 crores to Rs. 2800 crores.

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