Toyota Kirloskar Motor recently announced that it aims at building the mid-class luxury sedan Camry at the Bengaluru facility beginning this July.
This is part of the company’s phase-II expansion for which Toyota plans to invest INR8.98bn ($175.16m). The facility is expected to produce 100,000 extra units next year, increasing the current production to 310,000 annually. Other INR5bn ($97.53m) is to be invested in its engine and transmission plant, which is expected to start by the third quarter of this year and transmission by January-March 2013.
Sandeep Singh, Deputy Managing Director (Marketing), TKM, stated that “Toyota’s plan is to start assembling at its Bangalore facility from July and to launch in August. We are on schedule.”
He also added that the company will expand its outlets from 173 to 225 and that the company’s focus in India will be semi-urban and rural markets, to support its growth.
“Etios localisation was currently 70% and it would be increased to 90% over the next two years,” Singh said.
The company recently has also sent a fleet of Etios to South Africa, planning to rise the localization level of the model from 70% to 90% by 2014. The Etios entry level sedan is the largest localised vehicle that the company has in India.