Toyota has crossed the four lakh units sales mark in India since it started operations in the country 11 years ago. The company is setting up its second manufacturing facility in Bangalore at an investment of Rs 3200 crore to roll out a small car by early 2011. Maruti Suzuki manages to achieve similar sales figure in six months.
“This is a big step towards establishing Toyota as one of the major players in the Indian automobile market. This, in fact, could not have come at a better time for us, with the launch of the compact car in the Indian market next year,” Toyota India Deputy MD, Sandeep Singh said.
