Toyota’s small car project (code name EFC) for Indian market might finally see daylight. The announcement for the same might be made by the company’s president Katsuaki Watanbe.
However, when we say small, it means a Fiesta sized sedan that will be made available in 6-7 lakhs bracket and will come equipped with 1.5L petrol and 1.4L turbo diesel. A hatchback version is also in the pipeline but it would not be the cherry for Toyota as “profitability is an issue with the hatchback.” Toyota has been indecisive about the price because it does not want to compromise on the quality of components.