27 june 2011
Toyota launches Liva at Rs 3.99 lakh
Japanese carmaker Toyota launched the petrol variant of its much anticipated small car Liva in India, priced between Rs 3.99 lakh and Rs 5.99 lakh (ex- showroom, Delhi).
The auto major has also invested Rs 3,200 crore to set up its second manufacturing facility in Bangalore.
“The company, which is present in India through a joint venture with the Kirloskar Group, has invested Rs 3,200 crore to set up its second manufacturing facility in Bangalore with an initial installed capacity of 70,000 units per annum.
“With Liva we will now be a complete manufacturer in India, offering a full range of products including the luxury SUV Prado… Liva is a very useful stylish and dynamic car,”
Toyota Kirloskar Motor Managing Director Hiroshi Nakagawa said.
The company had last year launched Etios, the sedan version of Liva in the country.
“We will increase the production of the second plant from 70,000 units to 1,20,000 units to shorten the waiting period for Etios and meet future demand of Liva,” Nakagawa said.