Toyota Plans Big With Etios In India
Toyota Kirloskar Motors, the India arm of Toyota Motor Corp targets to double its sales in the next five to seven years with its magical brand new car Etios which is slated to be launched by the end of the year.
Toyota Etios recently unveiled at the 2010 Delhi Auto Expo last month in Delhi has developed as a compact car especially for the Indian market. The company is currently expecting an increase of 15% from the 2009 sales number of 55497 cars.
For More Toyota Etios Hatch Pictures Click Here
For us to become a significant player in the volume market segment, we need at least 10 percent market share and we expect to achieve that in the next five to seven years,” managing director Hiroshi Nakagawa said in an interview.
Toyota has a 3% market share in India and its aims the small car segment due to in India 75% of the cars sold are compact cars.
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