Auto India, Car India

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In December 2010, the diesel and petrol models of Toyota small car will roll out by Toyota Motor Corporation. As per the statement made by Company’s spokesperson, the small car will be a hatchback model in its group and will be powered with 1.3L or 1.2L engines. Mr. Hiroshi Nagakawa, the managing director of TKM said that the project of small car had completed 50% and they would introduce it in 22 months.

As a joint venture with Kirloskar Motors, Toyota Motors marks its existence as Toyota Kirloskar Motors (TKM) in India. After returning back from Japan Mr. Nagakawa made the statement when he saw the current developments on the project in home country. Small Car is the only worldwide project from Toyota that is on track or else the company has either cut down or shut down its production around the globe.

Mr Nagakawa said -

“The market condition for Toyota India is tough. Our sales have dropped by 50% and we had to cut production by 30% due to an inventory pile up. But we have managed the inventory problem from November to January and are now producing 3000 vehicles per month. The production volume will be increased step by step in February, March and April.”