Toyota Motor Corp. Chairman Hiroshi Okuda said Tuesday he wants to see Toyota's share in the European market rise to between 7 percent and 8 percent from the current 3 percent.

Japan's largest carmaker has set the target for its European market share at 5 percent, with sales of 800,000 cars in 2005.

"(That target) seems to be a bit too small," Okuda told a news conference here.

Okuda, currently on a business trip to Europe, said he wants to bring Toyota's European market share closer to that in the United States. However, he did not say by when.