“We are thinking of several countries but maybe first production (unit will be) here,” Toyota Motor Corporation Board Chairman Fujio Cho told reporters here.
“Toyota is developing a small car, which may be introduced in India within two years. While we are looking at several countries to market this product, it will be first launched here in India,” Mr Cho said.
India had topped the list of global candidates for a site to build the cheap family car, a source had told Reuters earlier this year. Brazil was mentioned as another possibility.