Toyota considering Indian plant for small car production

Toyota has been working on an affordable small car that will be cost-competitive in emerging markets, and Autocar is reporting that India is being considered as a destination for production. India makes sense due to its low-cost labor, and with competitors like the Tata Nano going for as little as 1 Lakh, the world’s biggest automaker will need to cut cost everywhere it can. There is no word as to exactly what vehicle would be produced in India, but one option is Toyota’s production iQ from Geneva, which is scheduled to begin production later in 2008. Toyota is looking for initial sales of the iQ to crest 100,000 units.

The iQ measures 2,985mm in length with a 2,000mm wheelbase, which aids in both drivability and interior volume. The inside benefits from many of the angles and curves that adorn the exterior sheetmetal, including a triangular center console fitted with a 5.8-inch display. Additional storage comes courtesy of 50/50 split folding rear seats and an under-floor fuel tank that maximizes interior space.

Toyota didn’t divulge what kind of powertrains the iQ would come equipped with, but sales are slated to begin in late 2008, with production expected to crest the 100,000 mark during its first year.