Toyota’s domestic sales grew by 7 per cent last fiscal year

Toyota Kirloskar Motor (TKM) has managed to record a sales growth of 7 per cent in the financial year 2018-19, selling 1,50,525 units as compared to 1,40,645 in the FY 17-18. The Japanese carmaker has regarded the Innova Crysta as the prime mover for growth in the domestic sales in India.

Apart from the Innova, Etios Liva has also contributed to the positive sales momentum with a growth of 13 per cent, states the carmaker. Meanwhile, the newly-launched new-generation Camry has also witnessed a growth of 6 per cent in Jan-March 2019 compared to the same period last year. The Camry Hybrid has already crossed 500 bookings since its launch in January.

Commenting on the sales performance, N. Raja, deputy managing director, Toyota Kirloskar Motor, said, “We are happy to have clocked a growth of 7 per cent in domestic sales in FY18-19 as compared to FY17-18. Innova Crysta and Fortuner have been maintaining the growth trajectory and continue to be leaders in the segment.  We are thankful to our loyal customers for their trust and confidence in Toyota products.”

However, in March, Toyota only sold a total of 12,818 units in the domestic market compared to 12,539 units in the same month last year. The carmaker also exported 844 units of the Etios series last month, thus clocking an overall sales of 13,662 units in the month of March. Consumer spending has weakened in the pre-election phase and the business sentiments have dampened temporarily, claims Toyota, when talking about the insignificant sales growth in the month of March.