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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

World’s largest carmaker, Toyota, may manufacture its globally popular sedan, Camry, in India, said deputy managing director of Toyota’s Indian subsidiary.

This would allow the Japanese carmaker to escape the huge import duty on imported cars and may bring down price of Camry by as much as 20-25% or Rs 4-5 lakh, if the company passes on the entire benefit to the consumer.
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