New Toyota Camry to be assembled at Bangalore facility

New Toyota Camry to be assembled at Bangalore facility

first_imgJapanese car giant Toyota , which launched next generation of premium sedan Camry in India at an introductory price of Rs 23.8 lakh (ex-showroom Delhi), will be assembling the car at its Bangalore facility.Toyota, present in India through a joint venture with the Kirloskar group, launched the new Camry with a 2.5 litre petrol engine with a 6-speed automatic transmission.Speaking to reporters in Bangalore on Friday, Toyota Kirloskar Motor (TKM) Managing Director Hiroshi Nakagawa said, “This is the seventh generation of Camry. We will be manufacturing it locally in India so that it can be available easily.”The model was now being manufactured at 10 locations across the world, and Bangalore would be the eleventh production base, he added.”It will be only in the petrol mode as we do not have diesel in our premium segment across the world. Camry is available only with petrol globally,” TKM Deputy Managing Director (Marketing) Sandeep Singh said.Camry, which was launched in India in 2002, has witnessed sales of 6,500 units so far. The earlier version of Camry was priced between Rs 21.58 lakh and Rs 23.73 lakh (ex-showroom Delhi).The new Camry will compete with Honda’s Accord, Volkswagen’s Passat and Skoda’s Superb.Sing said, “If you look at the market dynamics in India, there is an increase in the demand for diesel. We have been conducting a feasibility study on diesel engine manufacturing in India but are unable to convince our headquarters.”Asked about launching of Toyotas luxury brand Lexus in India , Singh said: “There is an apprehension about the increase in customs duty…we are still studying the market and we hope to get a clear direction by the end of this year.”The company had earlier said it would bring the brand into India by 2013 and planned to set up exclusive Lexus showrooms to sell cars and sports utility vehicles of the brand.Toyota Motor is also planning to launch eight new products, including Etios, in the mid-term.With PTI inputsadvertisementlast_img

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