During the thanksgiving lunch hosted by Toyota Motor Philippines for the media today, the Japanese carmaker revealed that it is launching the all-new Corolla Altis in our market on January 15, 2014.
TMP president Michinobu Sugata told TopGear.com.ph that he expects to sell 500 units a month of the upcoming compact sedan, a significant increase from the 300-unit monthly sales performance of the current (and outgoing) model. He also revealed that engine choices for the new Corolla Altis will virtually be carryovers from the current one (2.0- and 1.6-liter gasoline), mated to either CVT or manual transmission.
Sugata happily announced that his term as president of TMP has just been extended even though he has already spent four years in his position, which was the usual length of tenure among his predecessors. This is most likely due to the company\'s strong performance under his watch.
The easygoing executive estimates that TMP will finish the year with 75,500 sold units, up from last year\'s 65,396. For 2014, he projects that his company will sell more than 90,000 vehicles.
Looks like there\'s no stopping Toyota these days. As for us, we can\'t wait to get our hands on the new Corolla Altis. You\'ll read about it here first as usual. Watch for it.