Toyota sales dip by 6.3% in August

BANGALORE: Toyota Kirloskar Motor (TKM), the Indian arm of Japanese auto giant Toyota Motor Corporation, saw its sales decline by 6.3 per cent in August.
The company sold 15,201 units in August as against 16,225 units sold in the same month last year. The company's domestic sales declined by 14% to 12,007 units as compared to 13,995 units sold in August 2012.The company exported 3,194 units of the Etios series last month.
"The market is still sluggish, however we hope to see the market improve with good monsoon and the upcoming festive season," said Sandeep Singh, deputy MD and COO, marketing and commercial, TKM.
Toyota has also increased prices by 1 per cent on some of its best-selling models. "With the rupee depreciation and rising inflation, we have increased the prices of Camry petrol and Fortuner," said Singh.
He added, "last month, we launched the Camry Hybrid, this is in line with offering advanced technology to our customers and encouraging the use of hybrid in India thereby contributing to a greener tomorrow."