Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Toyota launches small car Liva priced at Rs3.99 lakh
BackBack

Toyota launches small car Liva priced at Rs3.99 lakh

Toyota launches small car Liva priced at Rs3.99 lakh

Premium

New Delhi: Japanese carmaker Toyota on Monday launched the petrol variant of its much anticipated small car Liva in India, priced between Rs3.99 lakh and Rs5.99 lakh (ex- showroom, Delhi).

The auto major has also invested Rs3,200 crore to set up its second manufacturing facility in Bangalore.

The company, which is present in India through a joint venture with the Kirloskar Group, has invested Rs3,200 crore to set up its second manufacturing facility in Bangalore with an initial installed capacity of 70,000 units per annum.

“With Liva we will now be a complete manufacturer in India, offering a full range of products including the luxury SUV Prado... Liva is a very useful stylish and dynamic car," Toyota Kirloskar Motor managing director Hiroshi Nakagawa told reporters here.

The company had last year launched Etios, the sedan version of Liva in the country.

“We will increase the production of the second plant from 70,000 units to 1,20,000 units to shorten the waiting period for Etios and meet future demand of Liva," Nakagawa said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 27 Jun 2011, 04:31 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie