Japan’s Mag-X [via Autoten] brings us this rendering of a Toyota low-cost car, said to be planned for a 2012 launch in India’s hot-hot entry-level car market. Expected to weigh about 1,322 lbs, Toyota’s Tata Nano-fighter is said to have an 800cc two-cylinder engine mounted out back (alá Nano).
Though Japanese car mags have a bit of a reputation for floating speculative renderings that later prove to be well off the mark, Indian Autos Blog notes that Toyota Senior Managing Director Dato Akira Okabe recently said:
We may look at launching more than one compact car model for the (Indian) domestic market. Our current market share in passenger vehicles is 3 per cent. In the next four years, we hope to sell three times our current volumes. And by 2015, our rate of growth will be in double digits