Toyota will built a second factory within India, according to Bloomberg News reported today. Currently Toyota’s market share is less than 1%, with the Corolla and Camry selling for about double the average car price. Toyota plans to gain a 10% market share using smaller cars. In 2003, Toyota had a mere .06% of the market, with market-share growth of ten times within four years, making the 10% goal not entirely unrealistic. Toyota already has high visibility within utility vehicles, with a 20% market share based on a single vehicle.

In the 1950s, India used heavy taxes to keep out foreign automakers and promote its own industry, which grew largely using engineering from Dodge, Fiat, Austin, and Morris. In 1969, Indian vehicles were made of 90% local parts. However, the market was opened to imports in the 1990s.

Lexus will stage the world debut of the new LX 570 luxury utility vehicle during the 2007 New York International Auto Show. The third-generation LX 570 will reach new heights in performance via a powerful new V8 engine while achieving elevated levels of comfort, style and safety. The Lexus LX 570 press conference is scheduled for April 4 at 1:55 p.m. EDT in the Special Events Hall at the Jacob Javits Convention Center. Toyoland will be present for the unveiling and will write about it on the day of the show.

On February 7, the Toyota “Tundra Prove It” national tour began at the Bass Pro Shops and International Home Builders’ Show in Orlando, Fla. The tour is planned to allow prospective buyers a chance to see the Tundra perform a variety of tasks, designed to emphasize its power and toughness. Participants will be able to test the Tundra over driving courses which require the truck to operate with a full payload; to tow five tons; to demonstrate its engine and transmission performance on an acceleration run; to brake both with and without a load; and to show off its automatic limited slip differential.

At some venues, the Tundra Power Challenge will pit the Toyotas against comparable competitors’ models in acceleration runs and towing contests. Toyota has combined with Char-Broil and Johnsonville to create a 10,000 pound 15’ by 18’ grill which the Tundra can haul around to add a tailgate atmosphere to the proceedings.

The Tundra Prove It Tour is scheduled for about 350 stops over a ten-month period, and will be a part of Daytona Speed Week and the Star of Texas Rodeo in Austin.

Just after the unveiling of the Lexus F series, Toyota Australia is set to reveal a new range of performance cars under the established TRD brand. They can be seen at http://trd.com.au/ and should be officially shown at the Melbourne International Motorshow in March. (Thanks, diablotaz)