Toyota Motor Corp. said Wednesday it may bring out a small car in India in two years as it tries to grab market share from Suzuki Motor Corp. in Asia’s fourth-largest economy.
Toyota, on the point of becoming the world’s largest automaker, may make the small car in India, and subsequently in other emerging markets, Chairman Fujio Cho told reporters in New Delhi. The carmaker, based in the city of Toyota, Aichi Prefecture, plans to raise its annual capacity in India 10-fold to 600,000 vehicles a year by 2015, it announced last month.
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