Toyota India to invest heavily
Toyota Kirloskar Motor has announced that the parent company Toyota Motor Corporation is planning to invest heavily to expand their operations in the Indian market.
The company has decided on a capital investment of approximately Rs 3,200 crore. This is for their second plant which is coming up at Bidadi near Bangalore.
Toyota aims to begin production at this new plant within the next two years. They are going to manufacture their small car for the Indian market at this new plant.
Toyota currently is a relatively smaller player in India with just premium models for sale in the market.
They know that to become a bigger player here in India, they have to launch small compact cars.
Indian market is huge for companies which can sell small but efficient and spacious cars at an affordable cost.
Automobiles, Automobiles, Cars, India, small car, toyota india, toyota kirloskar motor, Toyota Motor Corporation
Somanshu
Category: Uncategorized
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