Toyota to manufacture Camry in India

Finally, Toyota seems to getting attracted to Indian car market. First came the small car then fortuner now Toyota plans to manufacture Camry in India. Toyota camry which is now imported as a CBU attracts an import duty of 110% pushing the price upwards of Rs21lakh much higher than its competitors such as Honda accord.  To escape the huge import duty on imported cars, Toyota plans to assemeble camry in India itselft. This would bring down price tag of Camry by as much as 20-25% or Rs 4-5 lakh, if the company passes on the entire benefit to the consumer.  Camry sells at a price starting from Rs 21 lakh and competes with the likes of Skoda Superb in the premium segment. If  Toyota  manufactures camry in India, it would pull away buyers of Honda Accord, Hyundai Sonata and Skoda Laura in the much larger executive segment, where more than 25,000 cars are sold every year.

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