UNI

Kolkata, Dec 24: After Tata Motors, Toyota Kirloskar Motor Pvt Ltd, a joint venture between Toyota and Kirloskar Motor, is planning to set up a small car plant in India with an investment of around Rs 2000 crore.

Speaking in the sidelines of a press conference here on Saturday, Toyota Kirloskar Motor Pvt Ltd Managing Director Atsushi Toyoshima said,''We have not decided on the location of the project.'' However, he admitted that several state governments have approached the company for setting up the new plant.

West Bengal Commerce and Industry Minister had also approached Toyota Motors for wooing the company for the small car project.

The company would set up the new plant in joint venture with Kirloskar Motors.

Toyota Kirloskar Motor has its plant in Karnataka spread over 430 acres of land. The production capacity of this plant is around 60,000 per annum which would be increased to full capacity by next year.

The company aims to reach 16 per cent global market share by 2015.

"We aim to sell around two lac cars in India by 2010," he said adding the current growth rate in the Indian market was 16 per cent.