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Toyota Kirloskar launches new Corolla

The new Corolla, with 18 new added features comes in two versions of manual and automatic trasmissions, is priced at Rs 10.79 lakh and Rs 12.22 lakh respectively.

india Updated: Sep 24, 2005 19:33 IST

Toyota Kirloskar Motor Ltd (TKML) on New Delhisaid it was aiming to sell 54,000 vehicles across its different models in India this year, even as the company continues to explore its small car options.

"With Innova remaining our growth driver, we expect to sell a total of about 54,000 units across all models this year," TKM Deputy Managing Director KK Swamy told reporters here while launching its new Corolla.

Innova has sold 23,000 units so far, and we are looking at a total of 42,000 units to be sold this year, Swamy said.

The newly launched Corolla would add to the total of 11,000 units targeted for this year, he said, adding that the higher end model Camry and SUV Prado Land Cruiser were expected to clock a combined sales of 1,000 units.

The new Corolla, with 18 new added features comes in two versions of manual and automatic trasmissions, priced at Rs 10.79 lakh and Rs 12.22 lakh (ex-showroom Delhi) respectively.

While the new manual transmission version will be costlier by Rs 8,000, the automatic transmission will be dearer by Rs 25,000, he said.

When asked about the progress made on the small car project, Swamy said: "It is pretty much on but it is too early to say anything on that front right now.

"As stated before, we are aiming to achieve 10 per cent of the total car market in India by 2010 with about 250,000 vehicles sold. By 2015 we are looking at 15 per cent of the market share with about 600,000 units," he said.

To achieve this kind of a growth we do definitely need to have presence in the small and compact car segment, he said but declined to disclose any details on the project and the proposed second plant.

First Published: Sep 23, 2005 18:58 IST