Toyota may export vehicles from India

With sales of just 40,500 units last year, Toyota is still a small force in the fast-growing Indian market dominated by Maruti Udyog, held 54.2 per cent by Suzuki Motor Corp. Toyota ranks fifth in sales volume, with a four percent share.

But Okabe, an India-enthusiast who first visited the country in the 1970s as a student to climb the Himalayas, said the world8217;s second most populous nation had the potential to play an important role for Toyota in the region, or even globally. Included in his long list of India8217;s enticing features were its political and economic stability, big population, high-quality labour and the existence of a mature parts industry that makes manufacturing cheaper than in most other countries. Reuters