Toyota Kirloskar Motor has registered a growth of 16% in first month of the year. In January 2015, the Bangalore based car maker sold 12,650 units in the domestic market as compared to 10,910 units in Jan 2014, thereby registering a growth of 16%. The growth streak continues as Toyota registered total sales of 14,364 units (which is including exports) in Jan 2015 as opposed to 12,440 units sold in Jan 2014. Of all the units exported this month, 1,714 units consisted of the Etios series.
Mr. N Raja, Director and Senior Vice – President, Sales and Marketing said, “The growth of 16% is also credited to the launch of the New Innova and all-new Fortuner 4X4 AT, in early January. We would like to thank our customers for their continued support and trust in brand Toyota and also welcome new customers for a great journey ahead.”
However, he cautioned “The effect of the increased prices on account of excise duty hike, is still impacting the market. We hope the Govt. would reconsider the excise duty concessions in the upcoming Fiscal Budget, to achieve sustained growth in 2015. In line with the “Make in India” campaign, structural reforms for the Auto sector are essential at this point in time.”
Courtesy: BusinessWire India