Japan's Toyota will launch more cars and ramp up volumes in the World's fifth biggest car market. Hiroyuki Fukui, chief executive officer for Asia, Middle East & North Africa region at Toyota Motor Corporation (TMC) said, "Toyota will focus more on India to meet requirements of local consumers.
We would like to be a good partner and India is definitely a blooming partner in Asia. Our production is only half used. We have huge potential. In India we have the emissions, the regulations. We understand it is important for the health of the people. We are trying to find an amicable solution for sustainable growth.
That is why I say we will grow step by step." The ban has cost Toyota an estimated amount of Rs.1700 Crores from sales about 8500 vehicles. He further added, "It is a critical situation and at this juncture nothing is going to happen until we are clear who makes the law in India.
Given the size of Indian market, I am sure they are working on India strategy. For India, we need local production.We will go step by step to be accepted by Indian consumers."
