Friday, September 12

Toyota's Corolla Altis

Aiming to achieve a 10 per cent market share in the Indian passenger car market, Japanese auto major Toyota launched an advanced version of its sedan, Corolla Altis, priced between Rs 10.83 lakh and Rs 12.86 lakh (ex-showroom, Delhi).
The new car would come with a 1.8 petrol litre engine in three different grades.
'This year's target is to sell 63,000 vehicles, and by fiscal 2015 we are aiming for a market share of about 10 per cent. The Altis marks our big step toward the achievement of this goal, 'Toyota Kirloskar Motor (TKM) Vice-Chairman, Vikram Kirloskar, said.
The company, which sold about 50,000 units last year, currently enjoys around three per cent of the Indian passenger car market.
Toyota is also planning to introduce several new models in the near future to meet the target, he added. TKM plans to sell an average of 2,000 Corolla Altis a month.
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