Japanese auto giant, Toyota Motor Corporation, along with mini-vehicle unit Daihatsu Motor Co, plans to invest about S89 million to build a factory in India, to produce around 1.00,000 small cars a year from as early as 2007. The model most likely to be produced at the new plant is a I-litre-class car, based on the Passo model that Toyota and Daihatsu co developed. According to reports, Toyota. which operates in India through a joint venture with the Kirloskar group, will build the new plant near its factory in Bangalore. Toyota built a record 48,000 utility vehicles last year in India, but is still a minor player with just 3.5 per cent of the market. Daihatsu, Japans second-largest mini-vehicle make after Suzuki will manage the new plant. with plans to set up a firm to supervise local operations.