Toyota Motors announced the development of an all new small car for South East Asian countries. Toyota has denied any such development, but thanks to BSMotoring.com we have a glimpse of this new small car from Toyota stable. This car will cost around $ 11,000 and will be available in South East Asian countries by 2012.
Toyota will want to enter small car market as there is a rising demand for such cars today. Toyota’s new compact car will be based on its Vios and Yaris hatchback models. In order to cut down on production costs, Toyota will try procuring materials locally which will help them minimize production cost by almost 30% to 40%. Daihatsu Motors, a mini unit of Toyota too is developing a small car for Southeast Asian market. They might sell their car under Toyota brand.