93136
Toyota considering new diesel engine plant in India
Posted on 27 Aug 20125,849 Views Comments
Toyota is may setup a new diesel engine manufacturing facility in India. The move will cut import costs on its popular diesel cars such as the Innova, Etios and Fortuner
With demand increasing for diesel-powered vehicles and almost 80% of its sales coming from vehicles powered by this fuel, Japanese carmaker Toyota is considering setting up a new diesel engine facility to cater to the Indian market.
Toyota owns 89% in the Indian joint venture, Toyota Kirloskar Motor's (TKM). Its plans to set up a diesel engine plant has been delayed by the lack of clarity in pricing policy of the automotive fuels by the government and uncertainty over any additional tax on diesel-fired vehicles.
TKM deputy managing director (marketing) Sandeep Singh said, at the launch of Camry in Delhi on Friday, "Indian market is dynamically shifting towards diesel cars and forms bulk of our domestic sales. We have been conducting feasibility study on the potential of diesel engines in the Indian market, but are yet to take a final decision on any such facility."
Also read: New Toyota Camry Launched
TKM is currently investing 500 crore to set up a petrol engine plant and expanding its transmissions capacity in its facility at Bidadi in Bangalore. The company's investment in a new diesel plant could be much higher. Toyota's high volume models like the Innova, Etios and Fortuner SUV are primarily diesel-powered cars. Currently, it imports all its engines from Japan and Thailand, but has been vying for a local facility to bring down costs in the light of adverse currency fluctuations and the consequent mounting of import bill.
Do you like this story?
- Previous Story
- Next Story
Readers' opinions ( 0 )
Post a Comment
Post a Comment2013 24 Hours of Le Mans : Toyota Preview Video
by Team ZigWheels
Toyota drivers share what are their expectations...
Allan McNish presents the Audi R18 e-tron quattro : Video
by Team ZigWheels
Allan McNish explains the Audi R18 e-tron quattro
2013 24 Hours of Le Mans : Teaser Video
by Team ZigWheels
The 24 Hours of Le Mans is considered to be one...
24 Hours of Le Mans 2013 : Special Coverage
To be held from the 22nd to the 23rd of June, Le Mans 24 Hours will be celebrating its 90th...
Ford EcoSport : Special Coverage
The Ford EcoSport SUV for the Indian market has been officially unveiled and is slated for launch...
