Toyota to make India export hub.
Economic Times (New Delhi, India), July, 2007
Jul. 22--BANGALORE, India -- Japanese auto giant Toyota is looking to make India as its global manufacturing hub for small cars. It is planning to make India an export base for mid-size cars.
Sources said it is likely to announce plans of its much awaited small car within a couple of months.
"With plans now including manufacturing for world markets, larger investments are expected to be made," sources said.
Toyota is the fourth car manufacturer that's eyeing India as a global export hub for small cars -- after Hyundai, Maruti and Nissan.
"Brazil, Argentina, Europe, Malaysia and South Africa are all emerging small car markets, where exports from India would head to," said VG Ramakrishnan, director of automotive practices at consulting...
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