Toyota Australia has launched the first ready-for-sale hybrid vehicle to be built in Australia.
The Hybrid Camry increases consumer choice by giving motorists the option of buying an Australian-made hybrid.
It expands Australia's manufacturing capacity today, and provides a platform for future growth.
It gives us a practical way to reduce greenhouse gas emissions - and to do it right now.
It is a clear sign of Toyota's commitment to this country, and to the renewal of the Australian car industry.
The Hybrid Camry will be around 30 per cent more fuel efficient and produce around 30 per cent fewer emissions than a standard Toyota Camry.
At least 10,000 vehicles will be produced each year, mostly for sale at home, with around 300 to be exported to New Zealand.
Production of the Hybrid Camry is expected to inject around $90 million into the Victorian and South Australian automotive parts industries and support jobs at Toyota's suppliers.
More than 50 hybrid-unique parts will be sourced from local suppliers.
The Altona plant is one of only five Toyota plants in the world manufacturing the Hybrid Camry.
The Australian Government is supporting the production of the vehicle with $35 million in funding from the $1.3 billion Green Car Innovation Fund, a key element of A New Car Plan for a Greener Future.
The Victorian Government also made a significant contribution.
The Government is working with other Australian car and component manufacturers on ways to build cleaner, greener cars that reduce carbon emissions and improve fuel efficiency.