Toyota plans to produce Etios in Brazil

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Japanese auto major Toyota Motor Corporation plans to start producing its sedan Etios, which has been developed specifically for the Indian market, in Brazil by late 2012.
In a filing to the US Securities Exchange Commission, Toyota Motor Corporation said: "In August 2010, Toyota decided to construct a vehicle plant in Sorocaba, Brazil. This plant is expected to produce the Etios small vehicle introduced in India with an annual production capacity of 70,000 units. The plant is expected to commence production in late 2012."
The company that is present in India through a joint venture with the Kirloskar Group -- Toyota Kirloskar Motor (TKM) had launched the Etios sedan in India last December. The car has been a success with robust demand. Last month TKM had also launched the hatchback version, the Liva.
[Source:economictimes.indiatimes.com]

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