Toyota has announced that they expect to sell above 100,000 Etios sedan, hatchbacks in the next year. The company also announced that they want to increase their production capacity per year to 210,000 models in India by mid 2012, from the current 150,000 vehicles, to meet the increasing demand for their just launched Etios sedan.
The total investment that the company plans to make for increasing the production capacity at their plants is around 4.9bn yen or $60.9mn, according to Toyota. The company currently has production capacity totaling 150,000 models per year, and roll out brands like the Etios, Fortuner, Innova and Corrolla Alits in India.
On Monday, the company launched their much delayed Liva hatchback at a starting price of INR 3.99 lakhs, with a total of 5 variants to choose from.