Toyota Etios priced between Rs 5-7 lakhs

The Toyota Etios sedan was launched in Bangalore by Akio Toyoda, President of Toyota Motor Corp. at a price of between Rs 4.96 lakhs and Rs 6.87 lakhs (Ex-showroom Delhi). The standard version of the Etios called "J" will be available at Rs 4.96 lakhs (Ex-Delhi), followed by "G" at Rs 5.46 lakhs, "G+" at Rs 5.96 lakhs, "V" at Rs 6.41 lakhs and "VX" at Rs 6.86 lakhs. Bookings for the Etios sedan started this week while the delivery of the car will start in January. The hatchback version of the Etios called Liva will be launched in April 2011, according to Toyota Kirloskar Motors officials. Toyota Kirloskar Motors aims to sell about 70,000 units of Etios and Liva in CY 2011. The joint venture between Kirloskar group and Toyota Motor Corp. plans to sell a total of 73,000 vehicles in India in 2010 and 145,000 vehicles in 2011. The company is investing Rs 32bn to set up its second manufacturing facility in Bangalore to roll out the Etios and the Liva cars, Toyoda said. About 4,000 engineers have spent five years for developing the cars, he added. Toyota Kirloskar Motor aims to capture 10% of the Indian passenger car market by 2015, mainly on the back of Etios and Liva models.