Nakagawa in Gurgaon on Monday. (PTI)

New Delhi, Dec. 15: Toyota will cut December production by 30 per cent but will not revise its planned investment of Rs 3,200 crore.

The company, which operates through a joint venture with the Kirloskar group — Toyota Kirloskar Motor — said the slowdown in the automobile market had forced it to revise the sales target. Toyota had aimed to sell 60,000 units in 2008 against 54,181 cars in 2007.

“We will be producing 30 per cent less in December because of falling sales,” said Hiroshi Nakagawa, managing director, Toyota Kirloskar.

However, Nakagawa said the company’s second unit in Bangalore at an investment of Rs 3,200 crore was “on track”.

Toyota will roll out the “strategic” small car from the new facility by 2010.

“Everywhere else in the world, Toyota has put on hold all investments for expansion, except India,” Nakagawa said.