BUSINESS

Toyota offers new Innova version

INNOVATIVELY BUILT: Hiroshi Nakagawa (right), Managing Director, with Vikram Kirloskar, Vice-Chairman, Toyota Kirloskar Motor, at the launch of new Toyota Innova in New Delhi on Wednesday.

INNOVATIVELY BUILT: Hiroshi Nakagawa (right), Managing Director, with Vikram Kirloskar, Vice-Chairman, Toyota Kirloskar Motor, at the launch of new Toyota Innova in New Delhi on Wednesday.   | Photo Credit: — PHOTO: RAJEEV BHATT

Special Correspondent

NEW DELHI: Toyota Kirloskar Motor on Wednesday launched the refurbished version of its multi-purpose vehicle (MPV) Innova. The company also plans to introduce the CNG version of Innova soon, while its compact car project is on track and it would hit the market by the end of 2010.

Priced between Rs. 7.66 lakh and Rs. 11.06 lakh (ex-showroom, Delhi), the new Innova comes in four variants, in petrol and diesel versions.

“The new version of Innova has the best fuel mileage in the segment with 13.7 km a litre (under test conditions),” said Toyota Kirloskar Motor Managing Director Hiroshi Nakagawa.

“We are focussed on constantly upgrading our products based on customer feedback,” said Toyota Kirloskar Deputy Managing Director (Marketing) Sandeep Singh. Toyota was also planning to launch the CNG version of Innova shortly. “Currently trial runs are on. It will be sold in select cities in the North and the West where CNG is available. It will cost Rs. 90,000 more than the regular version,” Mr. Singh added. Toyota is also “well on track” as far as its ambitious compact car project is concerned.

“We will roll out the all-new small car, especially focussed on the Indian market, by the end of 2010. We are investing Rs. 3,200 crore for setting up our second manufacturing plant in Bangalore where the new car will be manufactured,” Mr. Nakagawa said.

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