Toyota Might Launch Diesel Engines In India
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Toyota, Japanese carmaker is currently judging on its options to unveil a diesel version of its small car to be launched in the Indian market by 2011.
“We are keenly studying the diesel option for the small car to be launched by 2011. It will depend on the market and the government regulations regarding diesel engines,” Toyota Kirloskar Motor (TKM) Deputy Managing Director (Marketing) Sandeep Singh told reporters here.
He, however, declined to give any timeframe to launch the diesel version of the ’strategic’ small car in the country.
Diesel cars are becoming very popular in India despite the higher price tag especially because this fuel is much cheaper than Petrol.
Singh said the company is also evaluating options to launch a diesel version of its premium sedan Corolla Altis.
Asked about the Indian operations amidst the Japanese parent incurring losses of over $800 million for the April-June quarter, TKM Managing Director Hiroshi Nakagawa said: “Our margins are under pressure, but so far we have been able to remain profitable. We expect to make marginal profits in this year as well.”
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Posted: August 11th, 2009 under Cars.
Tags: toyota diesel engines, toyota diesel india, toyota india
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goliath
