Toyota to ramp up Fortuner's capacity

Image
Press Trust of India Chandigarh
Last Updated : Jan 21 2013 | 1:24 AM IST

Toyota Kirloskar Motor today said it would ramp up the assembling capacity of its most successful SUV in the country, Fortuner, to 1,000 units from next month on the back growing demand.

The company also said it already has booking for 6,500 units of the SUV, which is priced at 18.9 lakh (ex-showroom Delhi), and would be supplied after the middle of this year.

"We are further increasing the capacity of Fortuner to 1,000 units from next month keeping in mind the growing demand for this product in the country," Toyota's Deputy Managing Director (Marketing), Sandeep Singh said.

Buoyed by the tremendous response Fortuner has received so far, the company raised the assembling capacity of SUV at its Bangalore plant in phased manner from 500 units per month initially to 950 units at present.

"In view of growing demand for Fortuner, we first increased the capacity from 500 units to 750 units then to 800 and now the current capacity stands at 950 units per month," he added.

The Japanese automaker, which is present in India in a joint venture with Kirloskar Group, had closed the bookings for Fortuner for couple of a months last year due to capacity constraint. But it has again started booking orders for the SUV from January this year, Singh said.

"We have received orders for 6,500 units which we expect to deliver by July or August this year," he said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 16 2010 | 6:47 PM IST

Next Story