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Toyota launches new Corolla
| The vehicle is priced at Rs. 10.83 lakh and Rs. 12.86 lakh |
SAFE AND STYLISH: Managing Director, Hiroshi Nakagawa (right), along with Vice-Chairman, Vikram. S. Kirloskar (middle), Toyota Kirloskar Motor, and Managing Officer, Yasuhiko Yokoi, Toyota Motor Corporation, pose with the newly launched Corolla Altis at Greater Noida near New Delhi on Friday.
NEW DELHI: Japanese auto major Toyota on Friday launched the advanced version of its most popular sedan Corolla and announced plans to roll out its small car by 2010.
The company will also be increasing its product portfolio and expanding the dealership network to achieve 10 per cent market share in the Indian passenger car segment by 2015.
Priced between Rs. 10.83 lakh and Rs. 12.86 lakh (ex-showroom, Delhi), the 10th generation Corolla Altis comes with a 1.8-litre petrol engine in three variants. Equipped with many advanced safety and styling features to suit to Indian conditions, Corolla Altis now delivers the maximum power of 130 hp, 7 hp higher than the earlier model, and gives mileage of 14-15 km a litre (under test conditions).
Launching the new Corolla that has sold over three-crore sedans worldwide, since its launch over 40 years ago and accounts for 30 per cent of Toyota’s global passenger car sales, Toyota Kirloskar Motor (TKM) Managing Director Hiroshi Nakagawa said the company planned to sell around 2,000 Altis a month in India.
According to TKM Vice-Chairman Vikram Kirloskar, the company was planning to introduce several new models in the near future to meet its target.
TKM has already announced an investment of Rs. 1,400 crore to set up its second manufacturing facility in Bangalore to launch the small car for the Indian market.
TKM will also be expanding its dealership from 77 at present to 170 by 2010. “We plan to strengthen our dealership network and reach out to new cities and towns,” said TKM’s Deputy Managing Director Sandeep Singh.
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