Toyota stops Corolla Altis production
Automobile maker Toyota Kirloskar Motor has stopped manufacturing of its best sedan Corolla Altis from this month as it gears up to roll out a new model in the subsequent 4-5 months.
In accordance to trade sources, the firm will exhibit the version with brought options all the way through the upcoming Auto Expo in New Delhi subsequent month.
“The firm has stopped the manufacturing of the Corolla Altis from January. It is now getting ready to launch a new model, which has already been rolled out in many nations,” a supply mentioned.
Toyota Kirloskar Motor (TKM), the joint undertaking between Japanese auto massive Toyota and India’s Kirloskar workforce, used to be producing round four hundred gadgets of the Corolla Altis each month at its manufacturing facility in Bangalore.
“The firm will first exhibit new Corolla Altis at the upcoming Auto Expo in the Nationwide Capital. The business launch of the adaptation is possible to take location round Could-June,” the supply stated.
When contacted, a firm spokesperson declined to remark.
TKM is at the moment promoting the version in each petrol and diesel variations in the use. As per the firm’s legit web site, the petrol model is priced between Rs. 12.54 lakh and Rs. 16.89 lakh, whereas the diesel automobile prices Rs. 13.26-16.74 lakh (ex-showroom, Guwahati).
In accordance to Society of Indian Vehicle Producers, TKM offered 2,972 devices of the Corolla Altis in the April- December duration this fiscal in the Indian market, down 29.74 percent from the year in the past duration.
In accordance to trade sources, the new model of Corolla Altis is seemingly to be powered via the similar 1.8 liter petrol with some brought options. The diesel variant is probably to be extra highly effective than the present 1.4liter one.
TKM will produce the new Corolla Altis at its 2nd plant in Bangalore that has a manufacturing capability of 2.1 lakh devices per year.
TKM had first launched the Corolla in India in 2003. The current model of the Corolla Altis was once presented in 2008.
On the grounds that its launch in 2003, the Corolla collection has clocked a whole sale of round 85, 000 devices in India.