Toyota Kirloskar Motor registers 16% growth in January sales

BENGALURU: Toyota Kirloskar Motor registered a growth of 16% in the first month of the year. The company sold 12,650 units in January 2015 in the domestic market as compared to 10,910 units in same month last year, registering a growth of 16%.
Toyota Kirloskar registered total sales of 14,364 units (including exports) in January over 12,440 units sold in January 2014.The company exported 1,714 units of Etios series in the period under review.
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.” 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 to achieve sustained growth in 2015.”