Toyota Kirloskar Motors (TKM) launched 'Toyota U Trust' on Monday to facilitate sales, purchase and exchange of Toyota and non-Toyota cars. | |
| 'Toyota U Trust' aims to offer potential customers an opportunity to exchange their old cars of any make for a brand new Toyota, allowing them an opportunity to upgrade. According to a press release, it will also cater to customers who want to exchange their cars for used Toyota cars. It will also provide finance. |
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| M Kawabata, deputy managing director, TKM, said, "The used car market in India is almost as big as the new car market. |
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| The secondary market is important even for the growth of new car segments and we are looking at 10-15 per cent of new car business to come through Toyota U Trust". |
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