Toyota set to join compact car bandwagon
June 24, 2008 – 1:14 pm by Rohan Jawalkar
Toyota Kirloskar Motors (TKM) is planning to launch a compact car within the next two to three years. The joint venture is hoping to bring out a series of models with engine capacities from 1.1 to 1.3l, to make their presence felt in the booming compact car bazaar in India. Once the heart of the car is ready, sedans on the same lines as the Dzire, Fiesta, and Verna are expected to roll out. The hatchbacks will take on the likes of the Swift and the Hyundai Getz.
The second plant being built next to the adjacent one in Bidadi in Karnataka will most likely take up the compact car initiative and will be ready by 2010. In full flow, it will be able to produce 63,000 vehicles a year. Even though Toyota has 89% stake in the joint venture, the Kirloskar Group from Pune is investing 1,400 crore in the new production facility. The Fortuner and a diesel Corolla being on the cards, it looks like an interesting near future for TKM, but in terms of the compact car production competition could be a lot more hostile than what has been illustrated earlier and two-three years seems more than a distant future the way this market is growing.
5 Responses to “Toyota set to join compact car bandwagon”
The fact that the price of petrol/ diesel is to keep it’s march toward the MOON, the compact car from Toyota stable is always a welcome move!
By Kumar Sapre on Jun 30, 2008
I want to purchase a copact sedan of toyota.
By Swarup on Jul 28, 2008
I hope this car will come on road soon,but shuld be in our buget.
By Naresh j Dalvi on Jul 29, 2008
The car shown in picture is beautiful Ihope coming one will be comititive to it but has to be in diesel vertion i.e, small,diesel muscular, beautiful and it will be popular
By dr savaskar on Jul 30, 2008
I like the car but i want to know its price.
By ayush gupta on Aug 20, 2008