Toyota Kirloskar Motor Sold 9,007 units in March 2016

In the month of March 2016, Toyota Kirloskar Motor sold a total of 9,007 units. This includes 7637 units sold in the domestic market & 1370 exported units of the Etios series.The company had sold a total of 13,035 units in the domestic market and exported 1,290 units of the Etios series in the same month last year.

Toyota Camry continues to grow with a 46% growth in FY 2015-2016 when compared to FY 2014-2015. More than 90% of this growth is attributed to the increasing acceptance of the Camry Hybrid in the Indian market.

Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing – Toyota Kirloskar Motor said, “Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing – Toyota Kirloskar Motor said, “The ban on registration of diesel vehicles in Delhi & NCR area has affected our sales the past few months and will further affect us adversely due to its continuation. We are hopeful that the matter will be concluded favorably during next hearing, considering all the data and logic presented by us to Hon’ble Supreme Court.

In terms of sales, the Camry and especially Camry hybrid continues to grow at a steady pace. The success of Camry hybrid indicates the willingness of the market to accept alternative fuel technology like hybrid which not only benefits the environment but also conserves fuel. We would like to thank the government who has encouraged our efforts to promote hybrid technology in India including the VAT reduction by Delhi Govt. in recent budget would give further impetus to the growth of hybrid vehicles in India.

We also think a reduction in import duty will further encourage manufacturers to import hybrid cars in India through the CBU route which will therefore encourage more customers to consider hybrid cars as a purchase option.”