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.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.