Tuesday, January 23, 2007

Toyota Ultra Low Cost Car: Our Expectations

You should already know that Toyota is going to bring out an ultra low cost car for the developing countries within the next 3 years. Toyota has so far neglected this market segment and now Toyota high ups have realized that the future of the car industry is in the poor countries.

What we expect is that Toyota would ensure reasonable price and at the same time address the safety concerns. Then, the consumers would want to have standard servicing facilities. More than everything else, if the consumers can have the opportunity to buy a car in easy installments. So, Toyota should make some sort of arrangements with the banks in this regard. The good thing is that in most of the developing countries, banks now provide loans for buying cars more easily than the past.