Toyota recently announced plans to build the Corolla and a new compact vehicle at a plant to be bult in India. The ¥68 billion plant will be built near Bangalore in the state of Karnataka, with start of production slated for 2010. Annual capacity will be 100,000 units. The company began operations at its first plant, also near Bangalore, in 1999. That plant has an annual capacity of 60,000 units and currently builds the Corolla and Innova. The two plants are joint ventures with Kirloskar Group.