Toyota officials have said that the company is looking to launch a new low-cost car within the next two years. A production location has yet to be confirmed but sources indicate that India is the leading global candidates with Brazil still in the mix. The new car is expected to sell in emerging markets with the possibility of moving into more developed areas.
Toyota already has one plant near Bangalore, India with a production capacity of 60,000 units a year and plans on building a new 100,000 unit facility on that site. Toyota owns 430 acres of land at the site, enough for a few more plants and a total annual capacity of 630,000 units, according to Automotive News.
Toyota sold only 48,000 vehicles in India in 2006, trailing its rivals Maruti Udyog Ltd, Tata Motors and Hyundai Motor. Tata Motors is building a small car priced at about 100,000 rupees ($2,440), scheduled to launch in the second half of 2008.
Zero obligation price quote from a trusted local dealer.
08/22, 11:11 AM
posted by:
400horseSS
uhhhh what is the yaris then, it dont get cheaper than that
08/22, 11:24 AM
posted by:
maximus
I’m guessing it won’t have power windows, power steering, door locks, doors, windows, radio, or XM Radio.
08/22, 11:34 AM
posted by:
jackjimturkey
refurbished 1-liter geo metro engine, crank starter, imitationj vinyl seats
08/22, 11:41 AM
posted by:
CTS DRIVER
motorized skateboard.
08/22, 12:35 PM
posted by:
infamouz9325
lmao you guys crack me up
08/22, 1:42 PM
posted by:
Commodore
Um…whatever. I don’t know what to say. A very cheap Toyota…we have enough already.
08/22, 2:54 PM
posted by:
Random Jerk
Poor people don’t deserve quality made cars, right?
08/22, 3:15 PM
posted by:
Brendino
$2440? Dang.
So are we talking Aygo cheap or even cheaper than that?
08/22, 3:56 PM
posted by:
jackjimturkey
Brendino: In l.a., you can buy a car for $100.
08/22, 9:10 PM
posted by:
Brendino
a new car, for 100 dollars?
i say not.
08/23, 11:15 AM
posted by:
jackjimturkey
No, definitely not, but maybe a dodge omni.
I knew a guy that bought an old-beat up subaru for $100 and drove it for 8 years.
08/23, 12:11 PM
posted by:
global_lightning
I bought my first car, a Datsun B210, for $150. Drove it for 3 years and traded it for $850 worth of work to my house.
08/23, 1:13 PM
posted by:
jackjimturkey
b210 with yellow and black “honey bee” markings? Sweet!
08/23, 4:15 PM
posted by:
Mclaren19p
Cheaper than an Aygo?? How low can you go? Make the car out of recycled tracing paper??