Last update: November 14 2006, 11:50 PM
INQ7 MONEY - ANNOUNCEMENTS
 

Toyota launches 7-seat vehicle

November 08, 2006

TOYOTA Motor Philippines Corp. has launched a compact multipurpose vehicle, Avanza, which its officials say will be marketed as an affordable entry-level vehicle for business or personal use.

The Avanza is priced at P582,000 for the 1.3-liter manual version, P738,000 for the 1.5-liter manual and P772,000 for the 1.5-liter automatic.

It can seat up to seven passengers.

The vehicle was first sold in Indonesia, followed by Malaysia and Thailand. It has penetrated Mexico, and Toyota plans to sell it in the Middle East and Africa.

Toyota has sold 210,000 Avanza units worldwide. With INQ7.net

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