One things for sure, this one need to be the cheapest and the most fuel consicious car toyota might ever have produced. Target customers being the Indian car buyers(Indian four wheeler segment being one of the fasted growing markets in the world)
Competetion:
1. Nissan building a 3000$ car, one of the cheapest cars in the world
2. Skoda with plans to enter small car segment
3. Honda plans to customize Fit/Jaaz for indian market
EcomomicTimes quotes
When contacted, KK Swamy, deputy MD, TKM, “As part of our policy, we do not comment on our future projects or products.” Fellow Japanese carmaker Honda is using its Fit/Jazz platform to churn out a next-gen product for India.
Auto industry sources say Toyota may follow the Innova model for its small car sourcing from specific low-cost centres and selling the model in Asia and the BRIC markets. The small car may also come with both petrol and diesel powertrains, say sources.
Toyota’s Indian subsidiary, Toyota Kirloskar Motor, is likely to announce its small car project before the end of this year, say sources. The car is being built on a new platform in Toyota’s second plant. This plant is likely to come up in Bangalore with an investment of around Rs 2,000 crore.
“We plan to make an announcement regarding the small car in the next two months,” sources said. Toyota’s global small car is being designed in Japan. “The new car is being built on a new platform and that is the reason we have taken more time than was expected,” said Toyota Kirloskar Motor MD Atsushi Toyoshima.
