TOKYO - JAPANESE automaker Daihatsu, a subsidiary of Toyota, will begin manufacturing a low-priced compact car in Indonesia in 2013 for sale in South-east Asian nations, a business daily said on Wednesday.
Tapping its expertise in minicars, Daihatsu plans to develop a fuel-efficient vehicle in Indonesia and supply 70 per cent of the output to be sold under the Toyota brand, the Nikkei daily said without citing sources.
To sell for up to 900,000 yen (S$13,750) - the cheapest Toyota car in the global market, the new vehicle will be a little smaller than the Etios, a strategic small sedan that Toyota launched in India late last year.
ORIGINAL SOURCE
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