Toyota Kirloskar Motors (TKM) showcased its small car concept christened Etios, which would be launched in India by December this year.
It would be available both in a hatchback as well as sedan version, and expected to be priced below or at par with Maruti Suzuki Dzire, the largest selling (over 8,000 per month) sedan in the entry-level segment. The entry price for a Dzire is Rs 5.5 lakh.
TKM plans to produce over 70,000 Etios in the first year of its operations, which will help the Japanese giant to become a volume player in the Indian market, selling over 140,000 cars every year.
The company has invested Rs 3,200 crore to set up a plant in Bangalore, which will produce the small car. It has taken 2,000 TKM engineers four years to build the Etios.
Image: Indian dancers perform at the unveiling of Toyota's concept car Etios