IF that were the case, there wouldn't be a cruisetronic variant.
Since you are so adamant on highlighting the definition of Altis, let's infer it from previous gen rollas:
- 9th gen Altis: only available in top of the line variant 1.8L
- 10th gen Altis (pre-facelift): only available in top of the line variant 1.8L (with or without SR)
- 10th gen Altis (facelift): only available in top of the line variant 1.6L (with or without SR)
Its clear that IMC has acted against the pattern following earlier and offered to Altis badge to the 1.6 variant, when it has a larger displacement offering available.
That being said, I shall once again state that it is good value for money hence is probably the hot cake amongst the corolla lineup.