Toyota to build new plant in IndiaApril 11th, 2008 - 9:35 pm ICT by admin
Tokyo, April 11 (DPA) Japanese automobile giant Toyota is to build a new car manufacturing plant in India which will produce around 100,000 vehicles annually from 2010 onwards, the company announced Friday. The plant will also manufacture the Toyota Corolla version and a new small car.
The investment came to around 35 billion yen ($347 million).
Since 1997, Toyota has been present in Indian market in joint venture with Kirloskar Motors.
Last year, Japan’s leading carmaker sold 54,000 cars in India and increased its market share to 2.7 percent, Kyodo news agency reported.
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