Toyota to invest over Rs. 1000 crore in India, does not rule out Daihatsu's entry

Enthused by the smart financial turnaround by its Indian subsidiary, Toyota Motor Corporation is committing fresh funds for Toyota Kirloskar. On the cards are an investment in a new engine plant and new projects (Innova, Fortuner and a mid-size sedan), that will entail a combined minimum investment of about Rs. 1,000 crore in the next couple of years.

In an interview to ET, Takeshi Uchiyamada, the Toyota Motor chairman was candid when quizzed on the much speculated Daihatsu brand entering India. He did not rule out the introduction of Daihatsu, a Toyota subsidiary that makes small cars and compact utility vehicles, entering India.

In an exclusive interview to ET, Takeshi Uchiyamada, chairman of board for Toyota Motor Corporation said the profits have made the outlook for India positive and there is a great potential for the brand to grow in the future.

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