Toyota Motor Corp. will sell a low-cost car in Thailand similar to the Etios compact that will go on sale in India in December.
The new model, also slated for introduction in China and Brazil, will be the "21st century Corolla," Executive Vice President Yukitoshi Funo said in an interview Monday, referring to the world's best-selling car.
While Toyota is the leading carmaker in Thailand, its sales in fast-growing economies including India and Brazil lag behind rivals. Adding cheaper models may also help the company raise sales in China, the world's largest auto market, where its 6.9 percent share this year through August trails leader Volkswagen AG's 13 percent.