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Japan crisis to hit Toyota India target

business Updated: Jun 16, 2011 21:47 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Japanese car major Toyota Kirloskar Motor India on Thursday said it would miss its target of selling 150,000 cars in India this year by 10,000 units as its production was hampered earlier this year due to parts shortage from Japan after the March 11 earthquake and tsunami.

“India was the first country where we resumed full production after the earthquake and it shows where our priorities lie globally, even though we will still not be able to produce as many cars as we had planned for the year,” said Hiroshi Nakagawa, MD, Toyota Kirloskar Motor.

The firm launched a new variant of its executive sedan Corolla for Rs10.5 lakh and Rs11.5 lakh for the petrol variant and Rs14.6 lakh for the diesel variant.