Axio Owner's Manual says the CVT oil quantity for the 2WD model is around 8.1 litres. I got the service interval page translated from japanese to english, thus I know.
However when i got my CVT oil changed, i did not know about this. So i did as the mechanic suggested. Filled the transmission from the side port till oil overflowed from the 'overflow plug'. The total amount of oil that went in after engine starting and shifting between various gears was approximately the entire oil can, that is 4 litres.
The car drove alright after that, no problems apparently were noticeable. But i did feel sometimes that as soon as i pushed the accelerator, even a little bit, the engine RPM used to climb much more than required and then the car would pick up speed. That is, the car would downshift more readily than required.
Anyway to settle my curiosity, i researched a lot and everywhere it was mentioned that the CVT oil quantity is 8.1 litres. So i went to the mechanic again, got another 4 litre can and asked him to fill it from the side port with the drain nut plugged in. This time around another 3 litres of oil went in till it started overflowing from the side port. So the total amount of oil in my CVT was now around 7 litres.
I immediately noticed once i drove the car that it had become smoother, and now it held on to its gear ratios when acceleration was mildly required, and would downshift only when pushed hard, as it should do. The overall fuel average also improved after this.
If you search the net for toyota's parts catalogue, you would be surprised to see that the 'overflow plug' you mentioned is called the 'oil filler tube'.... Maybe in japan they use some oil pump to force 8 litres of CVT oil up this tube and then shut it close with the drain nut. But in the absence of a service manual and any other reference, i cant be sure about this.
The bottom line is, ive been driving around with 7 litres of CVT oil in my transmission for over one year now. Gone to murree, lahore etc and there are no problems so far. Done around 25000 km like this and the way its going, i am forced to believe that maybe this transmission actually runs on 8 litres of oil.