The Economic Times of India reports that Toyota Kirloskar Motors (TKM) has rolled out its Camry model in Bangalore over the weekend.
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“Sales of around 1000 vehicles are being targetted in the first year, which should give it a 20-25 per cent market share in the hi-end premium segment cars. The sixth generation 2002 Camry is being imported from Japan through the CBU (completely built unit) route with close to 120 per cent duty, which includes the conventional customs levy, countervailing duty, central and local sales tax,” TKM Managing Director Sachio Yamazaki told the newspaper.
Next year TKM plans to add the Corolla to its line-up.
