The decision to discontinue these models is attributed to the shift in consumer preferences and the increasing demand for more premium and feature-rich vehicles.
Toyota’s Shift in Focus
Toyota has been adapting to the changing automotive landscape, where consumers are increasingly seeking more premium and feature-rich vehicles. The company has been focusing on expanding its lineup of high-end models, such as the Corolla Altis and the Camry, which offer advanced safety features, luxurious interiors, and improved performance.
Toyota faces significant revenue hit from discontinuing popular models.
The halt in production will have significant implications for Toyota’s sales and revenue.
Toyota’s Decision to Discontinue the Corolla Axio and Fielder ‘E160’ Generation
Background
The Corolla Axio and Fielder ‘E160’ generation were introduced in 2012 and 2013, respectively. These vehicles were designed to cater to the needs of cost-conscious buyers, focusing on fuel efficiency and affordability. The Corolla Axio, in particular, was positioned as a compact sedan with a reputation for reliability and low running costs.
Market Impact
The decision to discontinue these models will have significant implications for Toyota’s sales and revenue. The Corolla Axio and Fielder ‘E160’ generation have been popular choices for budget-conscious buyers, and their removal from the market will likely lead to a decline in sales.