Toyota Kirloskar is considering setting up a separate legal entity to manufacture electric & hybrid vehicles, however the poor state of charging infrastructure in the country may delay the launch of such vehicles.
The auto major has said that it does not have any plans to fully withdraw internal combustion engines in India. In 2017, Toyota tied up with Suzuki to build affordable electric & hybrid vehicles for the Indian market.
Toyota’s second plant at Bidadi near Bengaluru is running at 40 per cent capacity due to the recent slowdown in the auto sector. Vehicle costs could go up by quite a bit in the coming years after the launch of BS-VI engines.
Ahead of the introduction of BS-VI norms, Toyota also plans to gradually ease out the Etios sedan and Liva hatchback models. Officials have told media outlets that the future is uncertain for their popular Innova and Fortuner models, whose production is expected to be reduced after the festive season.