At the time when all  the auto makers are making hay to the rising sun of increase in steel prices and inflation, what would one call this act of cutting prices and that's by more than 9K? Yes, it's nobody else than Japanese auto maker Toyota Kirloskar that has slashed the prices of its reputed and class symbol Sedan, Corolla substantially.

Toyota corolla price started from Rs 897,370-Rs 1,219,630. you can also check out this link for further detail..

http://talkingabouttorque.wordpress.com/ 

Dear Friend,

You are right, But Reason-?

TKML needs to clear all pipeline stock/Cars of Corolla before 12 or 14 Augest-08,as they are going to Launch New Corolla Axio,as i heard from their local dealer's staff. O'wise Japanese never sales undercost.thus Dealer are offering discount more then 80,000 Rs Flat.

That's  a forgotten story that Toyota had slashed the prices of Corolla. After then prices have been hiked on 13-Jun-08. If Toyota wants to sell off all the Corollas before the incarnation of the new Corolla why didn't it keep the prices of Corolla unchanged instead of increasing.

Anyways  it's a commendable scoop. What else do you know about the new Corolla, Pushpa. Do keep us informed. Any pics?