Toyota announces its new car, ‘Etios’, specially designed for the Indian roads and customers. ‘Etios’ is one of Toyota’s much awaited cars in India, as it is said to be priced around Rs 5.25 lakhs.
According to sources, the Etios will prove to be a competiton for the models like Tata Indigo, Honda city and the Maruti Dzire. With a 1500 cc engine, Toyota will also launch a diesel version by the end of next year. “It will be placed around this price point as Toyota wants an aggressive stance in the market,” said a source.
Source also say, that about Rs 3,200 crores have been invested in the Toyota plant in Bengaluru. The plant is said to have a yearly capacity of 70,000 units. Toyota’s deputy Managing Director said that the actual price of the car will be announced on 1st December and the deliveries of the cars will begin in the month of January. The car is said to be launched by Akio Toyoda, Toyota’s global president.
Source: EconomicTimes
