Toyota small car may priced at Rs 5-7 lakh

Toyota Kirloskar Motor, the Indian subsidiary of the Japanese auto giant, has revealed the pricing segment for the compact car it plans to launch next year.

In an exclusive chat with ET, the company, which is the Indian venture of Toyota Motor, the world’s biggest car manufacturer by volumes, also plans to jack up its production to 5,000 units a month by July, and double sales and servicing manpower by 2010.

“The compact car will be priced in the B+ category,” said Sandeep Singh, deputy MD, revealing details of the much-awaited car for the first time. This category has cars, such as Maruti Swift, the Skoda Fabia and the Chevy UVA.(ET)

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