Toyota seems to have finally decided that they want a slice of the Indian small car market pie.
The company is developing a new compact car model codenamed 800L.
This car is being developed in Japan and is likely to be sold in BRIC economies —- Brazil, Russia, India and China.
Toyota is likely to bring this new car to the Indian market first.
The engine is going to be imported from their Thailand plant but they would try to localize other components to lower the cost.
This car is likely to be introduced in the market in 2010 in both petrol and diesel options.
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