Toyota has decided to pull the plug on Corolla Altis executive sedan in the Indian market as early as April 2020 when the BS-VI emission norms take effect.
As part of Toyota’s product sharing arrangement with Suzuki, the former was to build a Suzuki-badged version of the sedan that would be retailed from Maruti Suzuki’s Nexa outlets. However, with customers migrating to SUVs and sales for the executive sedan segment taking a sharp hit, Suzuki has possibly changed its mind about the success of the sedan.
According to reports, the company is also worried that the brand strength may not stretch enough to enable healthy margins. In FY2019, sales of the Corolla, Octavia, and Elantra went down by 30 percent. However, at 2,783 units, the Corolla did finish at the top of this segment.
The sales numbers, however, still remain quite small and insignificant compared to others, and without the potential of additional revenue numbers from Maruti, it doesn’t look like Toyota has a viable case to upgrade the Corolla or bring the new version of the car to India. And rightly so.
The Corolla Altis has always been deemed as a safe and sensible sedan to buy. The car is available in petrol-manual, petrol-CVT auto and diesel-manual forms. While they weren’t earlier known for design, the latest models have managed to up their game in that department. It offers good seat comfort, while rear-seat passengers will like the option to adjust the backrest angle. The good quality ride makes it even better. Sadly, India is not going to experience any of these features, anytime soon.
While Corolla Altis faces the axe, its rival Honda has just entered the segment with the tenth generation Civic sedan that is priced from Rs 17.72 lakh and going upto Rs 22.32 lakh (ex-showroom, Delhi).