Jan 31, 2009

Business - Toyota bullish on India despite global mess

Even as it has frozen expansion plans everywhere else due to the global recession, automobile giant Toyota is getting aggressive in India. Though the company expects flat sales in 2009, it continues to remain bullish on the overall economy and has kept its small car plans unchanged.

"It was said that we are aggressive elsewhere but slow in India but that is history. Now we are over aggressive here while treading with caution in other countries," said Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor India (TKM).

The company will launch its small car by the end of next year from its under construction second plant near Bengaluru. It is also studying the possibility of launching another SUV Fortuner later this year.

"We are studying the segment and though there is no concrete decision yet, we want to be there and have the product with us," said Sandeep Singh, deputy Managing Director, TKM..

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