The deadline for completion is 2010 and the cost is 40-50 billion yen.
Toyota gets most of its group operating profit (60%) from North America.
However emerging markets is where the future action is...India is growing at nearly 20% a year.
Toyota has only 4% of the Indian market....for now...just wait.
The new plant will be near Toyota's first plant in Bangalore and will turn out 100,000 vehicles with 1 litre engines at ab about 800,000 yen each.
800,000 X 100,000/yr ....Toyota will get its 40 billion yen investment back in about 6 months.
Good news for India...good news for Toyota. Bad news for American car makers.
What do you think?
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