Published on Thu, Aug 02, 2007 at 08:33 | Source : Moneycontrol.com
Updated at Fri, Aug 03, 2007 at 13:53
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Toyota Kirloskar Motor yet to decide on small car
Toyota Kirloskar Motor has yet to take a firm stance on its plan to launch the compact car manufacturing in India even while reports suggest that the Indian subsidiary of the Japanese auto major was eyeing the proposal as part of its strategy to garner a 10 per cent share in the Indian market.
Toyota Kirloskar Motor has yet to take a firm stance on its plan to launch the compact car manufacturing in India even while reports suggest that the Indian subsidiary of the Japanese auto major was eyeing the proposal as part of its strategy to garner a 10 per cent share in the Indian market.
"We believe the small car is popular in India. We are studying the feasibility. But there is no concrete decision yet," said Mr Mitsuo Kinoshita, Executive Vice-President of Toyota Motor Corporation.
Mr Kinoshita was here to attend the launch of Toyota Technical Training Institute (TTTI) here on Wednesday.
To a question whether TMC was interested in buying the Land Rover or Jaguar cars, which are reported to be on sale, Mr Kinoshita said "there was neither an offer to nor do we intend to bid for it."
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"We believe the small car is popular in India. We are studying the feasibility. But there is no concrete decision yet," said Mr Mitsuo Kinoshita, Executive Vice-President of Toyota Motor Corporation.
