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Toyota launches Corolla Altis; eyes 10% market share Toyota has launched an advanced version of its sedan, Corolla Altis. Aiming to achieve a 10 per cent market share in the Indian passenger car market, 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 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. Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ 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. The company earlier had announced an investment of Rs 1,400 crore in setting up its second manufacturing facility in Bangalore to launch a strategic small car for the Indian market within the next two years. "Regarding the small car that everyone has been waiting for, we aim to start production and sales around 2010 or early 2011," Kirloskar said. Visit our site at – http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Latest News - http://investorline.co.in/blogger/?q=aggregator/categories/1 News Resources - http://investorline.co.in/blogger/?q=aggregator/sources Newscatcher- http://catcher.investorline.co.in/ Newsgroups- http://groups.google.com/group/india-investor --~--~---------~--~----~------------~-------~--~----~ Get latest market updates & search internet right from your browser-download our toolbar here- http://investorline.ourtoolbar.com/ Visit our site at – http://investorline.co.in/ Newsroom: http://newsroom.investorline.co.in/ Learning Center- http://learning.investorline.co.in/ Mutual funds - http://mutualfunds.investorline.co.in/ Life Insurance - http://insurance.investorline.co.in/ Investor Journal - http://research.investorline.co.in/ Newscatcher- http://catcher.investorline.co.in/ Interested in Financial Planning-Let us Contact you- http://spreadsheets.google.com/viewform?key=pb_z4f1_zGMg4iBBFT3-SWQ&email=true If you like the site then promote it here- https://www.freetellafriend.com/tell/?url=http://investorline.co.in/blogs/news Create your own free blog on- http://investorline.co.in/blogger Visit this group at http://groups.google.com/group/india-investor -~----------~----~----~----~------~----~------~--~---
