Toyota Will Not Launch Any New Models Soon In India

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With the uncertainties over regulations of new rules over diesel cars in India, Japanese car maker Toyota Motor Corporation is in no hurry to launch new models in India.

Toyota which operates in India, in collaboration with Kirloskar group, was badly affected by Supreme Court ban on diesel cars and SUVs, of engine capacity more than 2000cc or above in Delhi-NCR. This ban lasted for eight months since December last year.

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Toyota Motor Corporation CEO Asia, Middle East and North Africa Region, Hiroyuki Fukui, said that, Toyota will be focusing on introducing more cars, that fits Indian people. They are in no hurry and will go step by step. Fukui termed India as a 'significant market' for Toyota.

Toyota's Indian wing, Toyota Kirloskar Motor, has two production units in Bengaluru, with total annual capacity of 3.1 lakh units. The sales of its most selling MPV Innova and SUV Fortuner were badly affected in Delhi-NCR, due to ban on big diesel vehicles.

Toyota sold 47,114 passenger vehicles, for the period of April to July this year. Which was increase in sales by 1.6 percent, as compared to last year.

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Story first published: Monday, August 29, 2016, 18:17 [IST]
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