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News // Autos

Toyota Plans New Plant In India

11 August 2003 , 10:12451
Toyota Motor Corp. intends to build a second factory and to sell new models in India in order to increase its market share in Asia.

India is a growing market for cars, as urban incomes are rising and driving demand. Last year, the growth was 7.3 percent.

Until 2010, Toyota aims at boosting its market share in Asia to 10 percent.

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