India is Toyota's litmus test for inexpensive cars
Toyota, the automotive equivalent of an irrresistable force, is not deterred. The newspaper Nihon Keizai reports the company has plans to launch a compact car in the Indian market by 2010. Other markets on the table are Central and South America and Europe. The new car, to be co-developed with subsidiary Daihatsu Motor, would cost $7,165. When Toyota was asked about the report, a spokesperson said no decision has been reached in any detail.
[Source: Nihon Keizai via NDTV Profit]
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