Toyota Kirloskar sales up 15% in January

The effect of the increased prices on account of excise duty hike, is still impacting the market, the company says

Toyota Kirloskar Motor today reported 15 per cent increase in total sales at 14,364 units in January 2015.

It had sold 12,440 units during the same month last year.

In the domestic market, TKM sold 12,650 units in January 2015, as compared to 10,910 units in January 2015, up 16 per cent, Toyota Kirloskar Motor (TKM) said in a statement.

The company exported 1,714 units of Etios series last month.

TKM Senior Vice President (Sales and Marketing) N Raja said: "The growth of 16 per cent is also credited to the launch of the New Innova and all-new Fortuner 4X4 AT, in early January."

The effect of the increased prices on account of excise duty hike, is still impacting the market, he said.

"We hope the government would reconsider the excise duty concessions in the upcoming Fiscal Budget, to achieve sustained growth in 2015. In line with the 'Make in India' campaign, structural reforms for the Auto sector are essential at this point in time," Raja said.