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Toyota plans new small car for India

NEW DELHI — Toyota plans to build a new small car and introduce it in India within two years, the company chairman said Wednesday, according to the Detroit Free Press.

“We are looking at several markets, but the first production will be in India,” Fujio Cho told reporters on the sidelines of a meeting of Indian and Japanese business executives. Cho, however, said the company was yet to finalize the type of the small car it plans to make.

Toyota Motor Corp. currently sells three models — Corolla, Camry and Innova — in India’s expensive premium segment.

Posted by Peter C. T. Elsworth  at 11:03 AM to Toyota | Permalink

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