Mumbai: “The Indian unit of Japan’s Toyota Motor Corp expects to start production at its second car plant by the end of 2010,” managing director H.Nakagawaa said on Tuesday.
“Toyota Kirloskar Motor Pvt Ltd, which offers the Innova utility vehicle, Corolla and Camry sedan in India, hopes to sell more than 50,000 units in the country,” Nakagawa said at the launch of its new Land Cruiser.
“We would like to maintain what we did last year,” he said. Toyota sold 51,500 vehicles in India last year.
Toyota holds 89% in the Indian venture, which has an annual production capacity of 60,000 units from a factory in Karnataka in southern India.
Its second plant coming up at a cost of $680 million in the same state will have a capacity of 100,000 units a year.
Toyota Motor also introduced its new Land Cruiser sport-utility vehicle in India on Tuesday. It is priced at Rs81.6 lakh in Thane, Maharashtra.