India, Oct. 1 -- After Hyundai Motor Co. of South Korea, it's time for Toyota Motor Corp. of Japan to drive on Dalal Street, according to a Mint report.

The maker of the iconic Land Cruiser has hosted Indian investment bankers at its Tokyo HQ multiple times recently to discuss an India IPO, three people directly aware of the matter told Mint. The idea is to list Toyota Kirloskar Motor India Ltd. to raise around $700-800 million (about Rs.6,000-7,000 crore) by offering new shares.

"The company is warming up to the plan.(of a Toyota India IPO)," one of the persons cited earlier told Mint. "Several meetings have been held with the global team that will take the strategic call."

A second person said that Indian investment banks have met wi...