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Toyota plans third India plant, new SUV as domestic sales surge

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NEW DELHI, Sept 27 (Reuters) - Toyota Motor (7203.T) plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor (7269.T) boosts domestic volumes, two sources said.

The world's biggest car maker wants the plant to start with capacity of 80,000-120,000 vehicles a year, which could grow to around 200,000 over time, said one of the people who has direct knowledge of the plans.

The plant's proposed initial capacity would expand Toyota's existing manufacturing capacity in India by as much as 30% from 400,000 units currently.

Toyota has also begun development of a new sport utility vehicle (SUV) for the Indian market that would be launched in early 2026 and be an anchor product for the new factory, said the person and a third source briefed on the company's plans.

The sources declined to be identified as the automaker has not disclosed the expansion plans.

A representative for Toyota's India unit declined to comment.

Toyota's India sales have soared due to a global partnership with Suzuki under which the two Japanese car makers take some vehicles originally developed by their partner, then tweak and sell under their own brands to fill out their product line-up.

Cars originally from Maruti Suzuki's (MRTI.NS) stable such as the Glanza hatchback and Urban Cruiser Hyryder SUV now account for 40% of Toyota's India sales.

About two-thirds of Toyota's current production capacity is used by Maruti Suzuki to build vehicles for both car makers as part of their partnership.

Toyota, known for its Fortuner SUV and Camry hybrid in India, told Reuters earlier in September it expects record domestic sales in 2023.

The Japanese car maker is now aiming to have production capacity of 500,000 vehicles per year before the end of the decade, including the car models it will supply to Suzuki, said two of the sources.

INDIA GROWTH
Toyota's expansion in India, the world's third-largest car market, comes at a time when it is seeing slowing growth in markets like Europe and North America and competition in Southeast Asia from Chinese players.

It currently has two car plants in Bidadi, a town in the southern Indian state of Karnataka, and the third one is being planned at the same premises. It added a third shift at the two plants in May, raising their combined annual capacity by 30% to over 400,000 vehicles.

The new C-segment SUV, codenamed 340D, that Toyota is working on will fill a gap between its mid-sized Urban Cruiser Hyryder and bigger multi-purpose vehicle Innova Hycross, two of the sources said.

It is working with suppliers to produce 60,000 units a year when it launches in early 2026, they added.

Toyota is also looking at introducing a "mini" Land Cruiser in India, they said, though added the car maker is not forecasting a large amount of sales and has yet to make a final decision. If Toyota does decide to press ahead with the model, parts would be imported for assembly in India, they said.
 
It's good news for local investment, but the only real Toyota's that sell well are Innova and Fortuner.

The others are just rebadged Suzuki cars sold by Toyota.
Correction

Toyota has 5 Global models in India
Fortuner
Innova Hycross
Innova Crysta
HIluX Pickup
Camry Hybrid

While 2 products are Shared with Maruti Suzuki namely

Glanza and Hyryder

And yes Innova and Fortuner form the bulk of Toyota'S Numbers.

The upcoming SUV is likely based on the Corrola Cross SUV shown in Indonesia , and will sit between the Hyryder and Fortuner at around 20-27 lacs price bracket
 
Correction

Toyota has 5 Global models in India
Fortuner
Innova Hycross
Innova Crysta
HIluX Pickup
Camry Hybrid

Is this really available in India? I don't think I saw that in the streets. Looks more like something that sells in US.
 
Correction

Toyota has 5 Global models in India

Fortuner

Innova Hycross

Innova Crysta

HIluX Pickup

Camry Hybrid

While 2 products are Shared with Maruti Suzuki namely

Glanza and Hyryder

And yes Innova and Fortuner form the bulk of Toyota'S Numbers.

The upcoming SUV is likely based on the Corrola Cross SUV shown in Indonesia , and will sit between the Hyryder and Fortuner at around 20-27 lacs price bracket
The Vellfire is the 6th global model sold in India.

Hyrder is jointly developed with Suzuki, with Toyota providing the hybrid engine.

Glanza, Urban Cruiser and Rumion are rebadged Suzukis.

Is this really available in India? I don't think I saw that in the streets. Looks more like something that sells in US.
It is sold in India. A few enthusiasts buy it. It competes with the Isuzu V-Cross.
 
The Vellfire is the 6th global model sold in India.

Hyrder is jointly developed with Suzuki, with Toyota providing the hybrid engine.

Glanza, Urban Cruiser and Rumion are rebadged Suzukis.


It is sold in India. A few enthusiasts buy it. It competes with the Isuzu V-Cross.

Yes ,

I had forgotten about Velfire, since we dont see it on roads that often,
Also you can get Land Cruiser LC300 on special order,

Barring the Corolla, Yaris and Prius we get most GLOBAL models here in India.

However given the success being enjoyed by The Newly launched Slavia, Virtus and Verna, I am sure toyota could re introduce a sedan in the 15-20 lac price bracket

I have heard rumors that Maruti Suzuki plans to launch a rebadged version of next gen Fortuner with the Innova Crysta Diesel Engine at 29.90 Lacs ex showroom price .

This SUV could be called Maruti Suzuki Intruder and will be RWD only with lower level of equipment as compared to Fortuner
 

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