Toyota Kirloskar Motor registers 7% growth in March 2013

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Toyota Kirloskar Motor (TKM) sold 19,452 units, in Indian car market , in March 2013. Compared to sales figure of 18,220 units in March 2012, the car maker registering a 7% growth.

The company exported 1,691 units in March 2013. The total sales registered were 21,143 units including exports.

Commenting on the sales in March 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “Despite the slow demand in market, we have registered a growth. This growth can be mainly attributed to high customer acceptance of the New models of Etios and Etios Liva, launched recently. The Etios and Etios Liva sold 8,637 units in March. The sales of Innova and Fortuner have also contributed to this growth. On the other hand, increase in excise duty of SUV’s and implementation of increased road tax in some of the states has helped clear the stock of pre budget vehicles. The market continues to be slow, and is expected to remain sluggish in the coming months”.

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