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Toyota Kirloskar sales down 24% in December

Company says the passenger car market continues to be slow

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Motor today reported 24.31 per cent decrease in its car sales at 12,071 units in December 2012.

The company had sold 15,948 units in the corresponding month previous year, Toyota Kirloskar Motor (TKM) said in a statement.

For the entire 2012 calender year, TKM's total sales increased 40.04 per cent to 1,90,663 units from 1,36,150 units in 2011, it added.

During the year, the company exported a total of 18,422 units of Etios series.

Commenting on numbers, TKM Deputy Managing Director and COO (Marketing and Commercial) Sandeep Singh said: "Though we are satisfied with the overall growth in our sales volume of last year, the passenger car market continues to be slow, as has been in the last few months."

The company hopes the new year will usher in good times with economic revival and better market sentiments, he added.

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