MAlthough there has been no official announcement about the price and the car engine, car rumors that it would cost Toyota a 1200 cc engine, or 1300 cc. The price was estimated to still more expensive than the Nano around 300,000 rupees (USD 61.9 million). Compare this with the Nano is only 100,000 rupees (approximately USD 20 million in India), still expensive 3-fold.
But Toyota certainly has prepared for start-up funds to invest Rs 1400 crore to build a factory to produce small cars. Plant will be built at Bidadi near Bangalore,
The plan factories will start producing small cars at Toyota. No later than 2010 or 2011 as quoted by the Times News, Thursday (27/8/2009).
And while this small car is being developed and studied in Japan. India will be the hub small cars. Later, Toyota will export small cars from India to the world.
"The car is currently being developed in Japan just to meet customer needs in India. However, we will also export cars from India," said Deputy Managing Director of Toyota's Indian subsidiary and India Toyota Kirloskar Motor (TKM), KK Swamy.
Not only that, in addition to rival Tata Nano, Toyota also berupanya to reduce customs costs too high. And when the car was sold to the market, only 12 percent excise tax levied, less than the price of other cars.
