Toyota says it will know by the middle of this year whether it will continue making cars in Australia after 2018, or joing Holden and Ford in closing its operations there.
Toyota's head office in Japan will review the Australian arm's contract to keep making the Camry model for export.
Director of sales and marketing Tony Cramb said on Monday that Toyota Australia needs to win that bid.
"We're working with our suppliers, with our stakeholders to determine whether or not that's possible. In order to achive that, we need to earn the next generation of Camry with export, and that decision will be made this year."
The news came as figures released on Monday showed Toyota was the top-rated brand in record sales of new cars in Australia in 2013.