sg ke toi toyota to make india an export
Japanese auto giant Toyota is looking to make India its global manufacturing hub for small cars. It is also planning to make India an export base for midsize cars.
Sources told TOI that the company is likely to announce plans of its much awaited small car within a couple of months. "With plans now including manufacturing for world markets, larger investments are expected to be made," sources said.
Toyota is the fourth car manufacturer that's eyeing India as a global export hub for small cars --after Hyundai, Maruti and Nissan. "Brazil, Argentina, Europe, Malaysia and South Africa are all emerging small car markets, where exports from India would head to," said V G Ramakrishnan, director of automotive practices at consulting firm Frost & Sullivan.