Toyota is planning to launch a new SUV for the Indian market. According to a media report, the Japanese carmaker currently has the SUV under development. Further, Toyota is also considering a 3rd plant in India.
While details are scarce, the report indicates that Toyota is eyeing an early-2026 market launch. This product will also be the first to be made from the new factory. With a target of 80,000-1,20,000 units per annum initially, the SUV’s production could later be expanded to 2,00,000 units as well.
Toyota’s domestic sales have seen an upward trend since its tie-up with Maruti Suzuki. Both carmakers collaborate and offer their products to the other for increased sales. In Toyota’s case, the Glanza and the Urban Cruiser Hyryder have seen strong sales with these two products accounting for over 40 percent of the Toyota’s total sales in India.
While official reports are not yet available, the new plant is expected to augment Toyota’s current manufacturing capacity by over 30 percent. At present, Toyota has an installed capacity of 4,00,000 units per annum. Amongst this, Maruti Suzuki is currently utilising around 2/3rd of the total producing for manufacturing cars for both the brands.
In India, Maruti is already supplying the Baleno hatchback to Toyota which is sold as the Glanza. For a while, the Brezza too was supplied but later discontinued. Now, the Ertiga is also sold as Toyota Rumion.
Meanwhile, Toyota supplies Maruti with the Innova Hycross and manufactures the Grand Vitara as well in its Bidadi plant.
This partnership has enabled higher volumes for Toyota while Maruti has gained Toyota’s hybrid tech amongst others. Further, The Invicto MPV is currently the most expensive car to be sold from Maruti showrooms, thereby benefitting Maruti’s image of selling only cheaper vehicles.
Also Read – Toyota stops bookings for Rumion CNG variants.