You are here: Home » Companies » News
Business Standard

Toyota sales up 2.76% to 12,404 units in July

The recently launched Innova Crysta clocked sales of 7,800 units last month

Toyota Kirloskar Motor

Press Trust of India  |  New Delhi 

Toyota, which launched the Crysta in all markets outside NCR on May 13, has been struggling to grow its sales in India since December
Toyota's Innova Crysta (File image)

(TKM) today reported a 2.76% rise in domestic sales to 12,404 units in July, 2016.

The company had sold 12,070 units in the same month last year.

However, exports declined by 17.49% to 1,344 units as against 1,629 units in the corresponding month last year, TKM said in a statement.

The recently launched Innova Crysta clocked sales of 7,800 units last month and has a waiting period of up to two months at different locations across the country, the company said.

Commenting on the sales performance, TKM Director and Senior Vice-President (Sales & Marketing) N Raja said, "We had to shut down production at our Bidadi plant on July 30 on account of Karnataka bandh in the absence of which our growth would have been more in terms of sales."

Although the new Innova Crysta has been doing well, the ban on registration of diesel vehicles has stalled the extent of growth, he added.

While stating that TKM respected Supreme Court's judgment regarding cleaning the bad air quality, Raja said, "We are confident that the honourable court will consider our submissions during the next hearing and hope the matter is amicably resolved at the earliest."

Dear Reader,

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.

Digital Editor

First Published: Mon, August 01 2016. 15:22 IST