Toyota Kirloskar Motor (TKM) sold 11,284 units in Feb 2014 compared to 13,979 units in Feb 2013. The company exported 1,184 units of Etios series last month.
In the domestic market, TKM sold 10,100 units in Feb 2014 as compared to 12,756 units in Feb 2013.
Toyota Kirloskar Motor Has an installed capacity of up to 3.1 lakh annual units in India with two plants.The company manufactures the Innova, Fortuner, Corolla Altis, Etios, Liva and Camry in India, while it imports the Prado, Land Cruiser and Prius as Completely Built Units (CBUs)
Mr. N Raja, Senior Vice – President, Sales and Marketing said “The excise duty cut was a welcome step taken by the Govt to revive sale. However, other factors like high interest rate, falling rupee and unstable fuel pricing still loom large in the market.”