Toyota considering new plant to make low-cost, small cars

Tokyo, 14 May 2008: Toyota Motor Corporation today said that it is considering antiquity a newborn being to attain low-cost, diminutive cars for aborning markets.

The automaker, which has declared plans to unstoppered a small-car being in India, is in the primeval initiate of thinking for a ordinal works in an aborning country, a consort spokeswoman said on information of anonymity, citing policy.

Toyota has not definite info much as the location, creation power and the timeline for the plant, she said.

A media inform on weekday said that Toyota is eyeing a works in Brasil for a start in 2011 for the fast-growing machine markets in South America.

Toyota plans to equip tens of zillions of yearning (billions of dollars) in the plant, which would hit a creation power of most 150,000-200,000 units a year, the inform said. The diminutive litter and hatchback models would be priced at around 1 meg yearning (US$9,540; euro6,170), the inform said.

Other crowning carmakers, including General Motors Corp of the US and Nissan Motor Co, are also employed on affordable cars targeting Bharat and another aborning markets.

The Renault-Nissan land and Asian machine alinement said weekday it’s forming a render stake with Bajaj Auto Ltd. of Bharat to develop, attain and delude an inexpensive automobile there with a play toll around US$2,500 (Euro1,600).

Courtesy: Economic Times

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