This is the Toyota Etios sedan, unveiled moments ago at the Auto Expo 2010 in India. The show cars feature newly developed 1.2 and 1.5-litre petrol engines, according to Toyota. This booted version will be launched in India by the end of 2010, with a hatchback model to follow in 2011. It’s officially a concept, but should be almost production ready from the looks of it.

Toyota expects to sell 70,000 units of the Etios in India annually. To do this, Toyota will expand its Indian sales network to 150 dealers by the end of 2010 from the current 97.

“India will play a pivotal role in Toyota’s global expansion plans and the time has come for us to strategically accelerate our growth here,” said Toyota Vice-Chairman Kazuo Okamoto.

UPDATE: Toyota will sell a similar car in China, Brazil and South East Asia, according to Executive Vice President Yukitoshi Funo.

Pictures of the Etios hatchback and interior after the jump!