Reuters reports that the Indian unit of Toyota plans to boost production capacity by a third to 60,000 cars by the next fiscal year.
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Toyota Kirloskar Motor Pvt. Ltd., which makes the hugely popular Qualis utility vehicle and the globally best-selling Corolla sedan in India, could clock up far higher sales depending on productivity, company officials told Reuters.
Toyota’s plant near the Indian technology hub of Bangalore in the south has a capacity to produce 45,000 cars, but the Indian arm said earlier this year it expected to sell 48,200 cars in 2004. Toyota also imports Camry sedans for sale in India.
A relatively late entrant to the Indian car market, Toyota has a market share of about five percent, the report said.
Toyota may consider setting up a research and development centre in India, though there were no plans right now, Toyota Kirloskar Managing Director Atsushi Toyoshima told reporters.
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