Toyota wants to make India an export hub
22 Jul 2007
Mumbai:
Toyota Motor Co is planning to make India an export base
for small cars even as the Japanese auto giant is looking
to make India a global manufacturing hub for mid-sized
cars.
Toyota, which is all set to emerge the world''s largest
carmaker beating General Motors of the United States,
this year itself, is likely to announce plans of its much-awaited
small car within a couple of months, sources said.
Toyota is the fourth carmaker, after Hyundai, Maruti and Nissan, that is planning to make India a global export hub for small cars.
With
plans to manufacture for world markets, sources said,
Toyata is expected to make larger investments in the country.
Toyota is likely to export small cars made in India to
markets in Brazil, Argentina, Europe, Malaysia and South
Africa, sources poited out.
While
it is still not certain whether Toyota would partner Daihatsu
for the project, the small car, to be built on a new platform,
is expected to be manufactured in a new plant near their
existing unit in Bidadi.