In the April 16th issue of its print magazine, Autocar is reporting that Toyota is looking keenly at India as a location for small car manufacturing.
Referring to “Toyota’s budget small car, which has been under development for at least two years,” quite possibly meaning the iQ shown in Geneva, Autocar envisions India as the likely building place. Toyota senior managing director, Akira Okabe, has reportedly been visiting Indian manufacturers that could serve as future suppliers for the car.
If the iQ (or another small car model?) is indeed chosen for Indian production, it would seem likely that the car would be launched on the subcontinent as well.
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I’m willing to bet that Toyota is looking at more than India to build a small car. First things first: Yes the IQ will e built. Toyota’s not going to let Smart hog the marketplace, and the Tata Nano is not much of a threat. Now, where will it be built? India, for most of Southeast Asia and South Africa; Japan, for the home market, North America and South America; and England for Western Europe and North Africa.
[…] [Source: Autocar via Winding Road] […]
[…] [Source: Autocar via Winding Road] […]
[…] Toyota has been working on an affordable small car that will be cost-competitive in emerging markets, and Autocar is reporting that India is being considered as a destination for production. India makes sense due to its low-cost labor, and with competitors like the Tata Nano going for as little as $2,500, the world’s biggest automaker will need to cut cost everywhere it can. There is no word as to exactly what vehicle would be produced in India, but one option is Toyota’s production iQ from Geneva, which is scheduled to begin production later in 2008. Toyota is looking for initial sales of the iQ to crest 100,000 units. [Source: Autocar via Winding Road] […]
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