Toyota India Eyes 10% Market Share

Toyota India is aiming to increase its market share from the current 3% to 10% by 2015. The company is planning to improve the manufacturing capacity to 1.5 lakh vehicles this year. The car maker sold 80,000 vehicles last year and is aiming to add 70,000 to it this year. A majority of the sales to gain the said market share will come from the upcoming small car, Etios. By December 2011, the company will have a total of 150 dealerships across the country.