Toyota Etios Diesel And Hatchback On Wheels In 2011 : The Japanese auto giant Toyota said its proposed Toyota Etios diesel version of the recently launched sedan Toyota Etios, may roll down during the end of the next year. The Director for Marketing and Executive Managing Coordinator for Toyota Kirloskar said the preliminary steps are on now and possibly the car (Toyota Etios diesel version) might get into shape by the end of 2011.He added that from the existing 70% there will be 90% localization for Toyota Etios by 2012 in its JV with Kirloskar Group. This will be fully met with when the engine plant gets ready he said further, revealing that the current Toyota Etios gets components, gear transmission and engine from its apex body in Japan.
Toyota has also hinted that there is a proposal to commence the production of engines during the Q3 of 2012. This, the company is aiming to increase the localization for Etios and Etios hatchback Liva at an investment of Rs3200 crore in its Bangalore facility.
Toyota has an organized launches of this Etios diesel version by December 2011 and the Toyota Etios hatchback version in April 2011. Toyota’s Bangalore facility is looking after the production of its flagship models – Fortuner and Innova SUVs, and Corolla Altis premium sedan. The GM for the company’s Sales Division said that the target for the versions of Etios in India is 70000 units including Toyota Etios hatchback version.
Toyota is nicely fed by the South Indian market, comprising Karnataka and Tamil Nadu with 38-40%. The company is quite amazed to get 6000 advance bookings for the recently launched Etios for which the waiting period has become 6 months. Etios is available in Chennai and there are 4 variants – J,G, V and VX in the price range of Rs4.83 (base model) and Rs6.74 lakhs for the top end model. The car is equipped with 1.5 lit petrol engine and to be followed by 1.2 lit in 2011. For the latest updates PRESS CTR + D or visit Stock Market news Today
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