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Toyota plans to roll out small car by 2010.

Posted on: February 24, 2009

Global auto major, Toyota, on Monday said that it is planning to come out with its small car for the Indian market by end of 2010.

The car will be manufactured in its hi-tech facility at Bidadi, Toyota-Kirlosakar, Managing Director Hiroshi Nakagawa, said today during the 18th International Engineering and Technology Fair being held here.

The company currently did not have any plans on coming out with a zero emission hybrid system car for the Indian market, he said, adding it would decide on releasing the Pirus in the Indian market after examining the tax structure and market conditions. Pirus is the world’s first mass-produced gasoline/electric hybrid passenger vehicle.

Currently, he said the tax structure was high in India and company officials were holding talks to bring down the tax if the company was to bring Pirus to the Indian consumers.

Admitting that the meltdown had impacted car sales in the country, he said the company was hopeful that it would meet its sale target of 50,000 cars in the next fiscal.

Source: Pricewale.com

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