Unsatisfied with its current performance in India, Toyota Motor Corp announced today that it wouldn’t be able to reach its desired presence in the country without offering a compact car. Toyota has only obtained five percent of the Indian passenger car market since coming to India in 1999 and has some moves to make before reaching its goal of ten percent by 2010 and fifteen percent by 2015. Toyota said they are seriously considering releasing a compact car to the Indian market, hopefully by 2010, and are also considering opening up a second plant in the country.

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