Toyota Kirloskar Motor registered a growth of 17% in the month February. The company sold 11,802 units in February 2015 in the domestic market as compared to 10,100 units in February 2014. The company began the year with 16% growth in January. Toyota Kirloskar Motor continues to register growth with total sales of 13,280 units (including exports) in February 2015 as opposed to 11,286 units sold in February 2014. The company exported 1,478 units of Etios series this month.
Speaking about the growth in year-on-year sales numbers, N Raja, Director and Senior Vice – President, Sales and Marketing said, “The growth wave continues this month as well, with TKM registering 17% growth.”
Commenting on the budget Raja added, “It is a positive budget that caters to individuals as well as corporates. We are happy with the reduction of custom duty on raw materials/components. However, we were hoping to receive a reduction in the excise duty as well which would have further facilitated the industry to get back on the trajectory path. As a part of the budget the Govt will allocate funds for the development of greener electric cars, we will study this in detail to understand its implication on developing alternative fuel vehicles and promoting hybrid as a technology in India.”