Toyota Motor Corp said that it is considering building a new plant to make low-cost, small cars for emerging markets. The automaker, which has announced plans to open a small-car plant in India, is in the early stage of planning for a second factory in an emerging country. Toyota has not decided details such as the location, production capacity and the timeline
for the plant.
Toyota plans to invest tens of billions of yen (billions of dollars) in the plant, which would have a production capacity of about 150,000-200,000 units a year. The small sedan and hatchback models is expected to be priced at around 1 million yen (US$9,540; euro6,170). Other top carmakers, including General Motors Corp of the US and Nissan Motor Co, are also working on cheap cars targeting India and other emerging markets.
The Renault-Nissan French and Japanese auto alliance said it's forming a joint venture with Bajaj Auto Ltd. of India to develop, make and sell an inexpensive car there with a starting price around US$2,500 (euro1,600).
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05-23-2008, 10:42 AM
Toyota considers new plant to make low-cost, small cars
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