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Toyota plans more small cars and compact SUVs for India

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Global car giant Toyota Motor Corporation will consider launching moresmall cars and entering fast growing segments like compact SUVs in order to achieve market leadership in India.

The company, however, said in the absence of a clear cut Indian government policy relating the auto industry such as fuel policy and import tariff, it is adopting a wait and watch strategy before deciding on setting up of a new diesel engine plant in the country or launching more hybrid cars.

"If you look at our portfolio in India, we have just one small car, Liva. We need more if we have to have big volumes in a fast growing market like India," Toyota Motor Corporation Managing Officer Satoshi Ohiso told reporters here.

While he did not share details of the company's future product launches, Ogiso said another prime focus of the company is the fast growing compact SUV segment.

"Globally, the compact SUV segment is getting more popular and in India it is also the same. We will definitely have our presence there," he said, without elaborating details.

Full article here : Economic Times

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