Toyota Corolla Altis launched

Japanese auto major Toyota on Friday 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 options. More details on its way...

Toyota Kirloskar Motor (TKM) Vice-Chairman Vikram Kirloskar said. "This year's target is to sell 63,000 vehicles, and by fiscal 2015 we are aiming for a market share of about 10%. The Altis marks our big step toward the achievement of this goal."

The company sold about 50,000 units last year and currently has around 3% of the Indian passenger car market. It is also planning to introduce several new models in the near future to meet its target, he added. TKM plans to sell an average of 2,000 Corolla Altis a month.
"Regarding the small car that everyone has been waiting for, we aim to start production and sales around 2010 or early 2011," Kirloskar added.