Toyota hopes for three cheers- three times growth for 2010- 11
The FY of 2010-11 may prove to be a fantastic period for Toyota as its sale is marching toward three times than in 2010. The reason cited for this is the boost meted out by its Etios, which is expected for launch soon. The Toyota-Kirloskar Motor JV is eyeing on reaching the mark of 150000 units in 2011 of which nearly 50%would be Etios. Toyota has planned to deliver 70000 units of Etios which would make the sale to reach 65000-70000, said its Deputy MD. Etios, slated for formal launch during the end of this year, is under production from its Bangalore facility, with the capacity of 70000 units. The company has already
invested #103 million for getting engines and transmission for Etios, targeted for the Indian market. Toyota produces Innova [images], Fortuner [images], Corolla Altis and Camry [images], Prius [images] and Land Cruiser [images]. The sale in 2009 for Toyota Kirloskar was 55497 units in the domestic market which is expected to rise to 70000 units. It is also informed that there will be no smaller car than this Etios [images].