?Automobile market in India has shown robust growth in India. Toyota will introduce new models and expand its network to capture this growing market,? added Toyota Kirloskar managing director Hiroshi Nakagawa.

The company plans to launch a compact car in the Indian market by the end of 2010 or by January 2011.

Toyota's current market share is close to three percent in the passenger car segment, which it expects to grow in double digits with the launch of its compact car.

?We have not enjoyed much profit because of the recession. Globally, Toyota has fared miserably and compared to that, India is much more profitable,? Nakagawa said.

The company may also scale down its investment in the country in order to ride out the rough weather, he added.