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    Home»Featured»Sale of Etios, Corolla Altis closed in India
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    Sale of Etios, Corolla Altis closed in India

    Finance KhabarBy Finance KhabarApril 5, 2020No Comments1 Min Read
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    New Delhi: Japan’s automobile company Toyota has stopped selling Etios series and Corolla Altis in India. The company has taken this step to empty production capacity at its plants to bring new products with better technology.

    The Etios sedan was introduced in 2010 by Toyota Kirloskar Motor (TKM), a joint venture between the Japanese automobile major Toyota and the Kirloskar Group. In 2011, the company launched its hatch version Etios Liva.

    The company has sold 4.48 lakh vehicles of the Etios series in the domestic market. Apart from this, 1.31 lakh units have been exported. The Corolla Altis was launched in the Indian market in 2003.

    The company has sold 1.16 lakh units in India. When contacted, NK Soni, senior vice-president (sales and service), TKM, said, “The Etios series and Corolla Altis’ last batch have been produced in March 2020. With this the good journey of these vehicles in India is over. ”He said that while the journey of both these models in India is over, the company is committed to bringing the model to suit the changing needs and needs of the consumers.

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