TOKYO, September 18 (Itar-Tass) - Toyota Motor Corp will start producing the RAV4 sport utility vehicle in Russia in 2016, the Japanese carmaker said on Wednesday.
It also plans to double output capacity at its plant in St. Petersburg. It is expected to increase the plant's capacity to a maximum of around 100,000 vehicles from the current 50,000. The company is investing around $181.2 million - 18 billion yen - and aims to increase its personnel count by 800.
The company said earlier this year that Russia was one of the top 10 auto markets and occupied the leading position among European countries in selling Toyota cars. Over 154,000 vehicles were sold in Russia last year, topping a previous record high in 2011 by 28%.
Toyota Camry cars, produced at the company's St. Petersburg plant, were among the best-sellers last year. Model sales grew by 62% in 2012, to 34,619 vehicles at the end of the year. In February 2013, the company started producing Toyota Land Cruiser Prado in Vladivostok.