Look who's coming to Auto Expo 2010...

Toyota Motor Corporation announced the unveiling of the concept model of its compact car, for the Indian markets to take place next month at the annual Auto Expo show to be held in the capital, along with its hybrid variant, the Toyota Prius.

Toyota's Indian counterpart, Toyota Kirloskar Motor Pvt Ltd, will start the compact car's production in December, next year at its second plant which is being built in Bangalore. TKM Deputy Managing Director Sandeep Singh said, "Both hatchback and sedan version of concept vehicle of the compact car will be showcased at Auto Expo in New Delhi from January 5th to 11th." "Production will start by December 2010. First year production plan is 70,000" he added.

In eleven year's of Toyota's existence in India, this compact car's project is believed to be the most ambitious and the company is betting big on this initiative to become a volume player. TKM will also be showcasing its hybrid variant, the Toyota Prius at the same event in the capial. "Prius, we are going to display and you can say we are talking about launch of the Prius", Singh said.

When asked about the price tag which will accompany the Prius, Mr. Singh declined to give any details. However, he said that the company is striving hard to convince the Government in granting some concession on duty for Toyota's Prius.

Toyota might launch the Prius along with its compact car

Toyota Kirloskar Motors is just a month's time away from showcasing its compact car for India. With the launch of its compact car Toyota wants to increase its market share by entering the small car segment which registers the higest sales in the country. The manufacturer is also planning to launch its hybrid car Prius in the country.

According to Sandeep Singh, Deputy Managing Director, Toyota Kirloskar Motors, itis a concept vehicle comming from Japan. He said that both hatchback and sedan version of the concept compact car will be showcased at the upcomming Auto Expo in January. He further said that production of the compact car is slated to begin by the end of 2010 and the manufacturer is plaanning to build around 70,000 units.

Toyota Kirloskar Motors will also be showcasing its Prius at the Auto Expo. When questioned about the possibility of its Prius being launched here, the company's Deputy MD commented that one can say we are talking about the launch of our Prius. Mr.Singh also revealed that the company is hoping the government to approve some consession for the hybrid vehicle otherwise the price of the car would be very expensive and it dosen't make sense in paying a high duty and selling it. He declined to comment on a likely price tag for the Prius.

 
The manufacturer is also vying to increase its dealer network to around 150 dealerships from its current 93 dealerships. A wider dealer network will help the company to attract more potential buyers once its compact car is launched.