Toyota Kirloskar Motor sales rise 21% in January

Toyota Kirloskar Motor on Wednesday reported a 21 per cent increase in domestic sales in January at 10,336 units.

The company had sold 8,511 units in the domestic market in January last year, Toyota Kirloskar Motor (TKM) said in a statement.

"Three months into demonetisation and we can slowly see that the market is reviving with increased footfalls and customer enquiries," TKM Director and Senior VP, Sales and Marketing, N Raja said.

In fact, even with demonetisation in effect, the company still managed to record a 17 per cent growth in sales in the last three months when compared to the same period last year, he added.

"This has been possible due to the overwhelming response the new Fortuner and Innova Crysta have received and we would like to thank our customers for the same," Raja said.

The company also exported 916 units of the Etios series in January compared to 745 units in the same month last year.