You are here: Home » Companies » News
Business Standard

Toyota Motors seeks India sales boost with global-specifications models

Toyota's current market share is around 5% and its two India plants operate at about half their capacity to manufacture more than 300,000 vehicles a year

Reuters  |  New Delhi 

Toyota Motor Corp will bring to India models with global specifications, its local unit head told Reuters, as it seeks to boost sales in the world's fifth largest passenger car market by appealing to buyers' increasingly aspirational tastes. For the past 20 years, Japan's biggest automaker has made cars specifically for India, but it has failed to catch up with Maruti Suzuki India Ltd and Hyundai Motor Co, which together account for around two-thirds of sales in a market skewed towards cars costing less than $8,000. Toyota has now set its sights on the higher-end of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, February 07 2018. 17:47 IST
RECOMMENDED FOR YOU