Toyota Kirloskar Motor sales for February 2015 increase by 17 per cent

Toyota Kirloskar Motor (TKM) Company announced a 17 per cent increase in overall sales for February 2015. The company sold 11,802 units in India as compared to 10,100 units sold in the same month in 2014.

The company, overall, sold 13,280 units in the last month in comparison to the 11,286 units sold in February 2014. This includes the company's exports which accounte for 1,478 units of the Etios series.

N Raja, Director and Senior Vice-President, Sales and Marketing, TKM, said, "The growth wave continues this month as well, with TKM registering 17 per cent growth. 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 government 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."

Toyota's sales in January also showed a growth of 16 per cent and the company continues to carry forward the momentum of good sales in India. The refreshed Etios series of cars and the recently launched Fortuner with new engine line-up are enjoying a good demand in India. The Innova will also get a complete makeover soon and will be launched for the Indian market. The Camry Hybrid has tasted quite a fair bit of success in our country and we can soon expect more hybrid vehicles from the manufacturer to add to their Indian portfolio of cars.