"We are well on track to launch the small car by end-2010 and will showcase it during the upcoming (New Delhi) Auto Expo in January," said Sandeep Singh, Deputy Managing Director at Toyota Kirloskar Motor Pvt. Ltd. This will be the first small car from Toyota in India which will be powered by 1.2L petrol engine. The company will consider a diesel option at a later stage.
Toyota is the largest auto manufacturer around the world but trails Maruti Suzuki and Hyundai in India. It intends to strengthen its position in the country which is the second largest emerging market in the world.
Toyota has already crossed 4 lakh sales figures in India since it began its operations in India 11 years ago. It is present in India as Toyota Kirloskar Motors which is an equal joint venture between Toyota and Kirloskar Group. It is investing nearly Rs 3200 crores at its upcoming second manufacturing unit near Bangalore.
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