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Digital News Report – Toyota is introducing a new concept car in India called the “Etios”. The company says this vehicle is being developed specifically for the Indian market. The car can be purchased as a hatchback or sedan.
Shares in Toyota Motor Company (ADR) (Public, NYSE:TM) were down $1.52 to $83.56 (-1.79 percent).
We received this report from Toyota about their new vehicles for India:
The Etios is aimed at family users in India’s rapidly growing automobile market.
Reflecting its “one class above” theme, the Etios’ styling evokes a sense of advanced status, and, along with a spacious interior with abundant storage space, it aims to offer both smooth and powerful driving and excellent fuel efficiency.To make the car as affordable as possible for potential customers, thorough use of local parts will be pursued to keep costs low. On display at the show are a sedan version with a newly developed 1.5-liter gasoline engine and a hatchback version with a newly developed 1.2-liter gasoline engine.
Etios chief engineer, Yoshinori Noritake, said at the show: “I visited many Indian cities and homes to learn the market and to hear from the consumer directly. Over four years, more than 2,000 engineers have been involved in the development of the Etios, and each has devoted his or her best effort with no compromises. I am convinced in my heart that the Etios offers joy of ownership and quality of life to consumers in India.”
TKM will produce the Etios from late 2010 at its second plant, which is now being built expressly for the new car. Annual sales in India are set at 70,000 units. Exports are planned.
Etios Concept hatchback Etios Concept sedan
Contact: Paul Nolasco/Mieko Iwasaki 03-3817-9161/91582/2
At the show, the TKM exhibit, with its key message of “Quality Revolution”, comprises a total of 14 production and concept vehicles, including the third-generation “Prius” gasoline-electric hybrid passenger car, which is scheduled to go on sale in India in 2010, the “Prado” SUV recently unveiled for the Indian market, the “i-REAL” personal mobility vehicle and the “Fine-S” fuel-cell hybrid vehicle.
More information about the Toyota booth at the show can be found at:
http://toyotaautoexpo.in.
