India is Asia's fourth largest auto market and Toyota plans to increase its capacity in the nation by a factor of 10 by 2015. Toyota released their plans at a presentation by Atsushi Toyoshima.
Toyota produces the Corolla sedan and the Innova near Bangalore and imports the Camry and Land Cruiser prado SUV. Toyota only has about 4% of the car market in India at this time.
Toyota is not alone in trying to tap the populous country. Honda and General Motors also have similar plans. India's economy is growing and has led to a boost in vehicle sales. It is expected that India's car sales could rise to about 3 million by 2015.
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