The company is currently working on the quantum of price hike
Over the next two years, Toyota plans to introduce various models, addressing multiple price points, said a person familiar with the plan
Domestic sales rose 2% at 12,335 units in Septembe
TKM is a joint venture between the Japanese auto major and Kirloskar Group
Company plans to focus on developing high-value cars
Toyota Kirloskar Motor (TKM) today reported a 47.85 per cent jump in total sales at 14,057 units in April, driven by its newly launched SUV Fortuner. The company had sold total 9,507 units in the same month last year, TKM said in a statement. Domestic sales grew 51.81 per cent to 12,948 units as against 8,529 units in April last year, it added. TKM exported 1,109 units of the Etios series in April 2017 as compared to 978 units in the same month last year. Commenting on the performance, N Raja, director and senior vice-president - sales & marketing, Toyota Kirloskar Motor, said: "This growth has been propelled by the overwhelming response the new Fortuner has received." The new Fortuner has already sold more than 12,200 units in less than six months of its launch, he added. Raja further said the company's new Corolla Altis sedan also received good response from customers since its launch in in March, while multi-purpose vehicle Innova Crysta also registered strong sales.
Company had sold 8,511 units in the domestic market in January last year
TKM exported 1,346 units of the Etios series last month as against 441 units in December 2015
TKM currently sells a range of vehicles from hatchback Liva with starting price of Rs 5.39 lakh to premium SUV Land Cruiser 200 tagged at Rs 1.34 crore (ex-showroom Delhi). "There has been an increase in pricing of raw material commodities like steel, aluminium, copper and rubber over a period of the last six months and this puts a lot of pressure on us as all this has been leading to a higher input cost on our end," Toyota Kirloskar Motor Director and Senior Vice President (Marketing and Sales) N Raja said in a statement. Another factor leading to higher input cost is the appreciation of the yen in the international market, which has increased the cost of parts that the company imports from Japan, he added. The price hike will be effective from January 1, 2017, the company said. TKM currently sells a range of vehicles from hatchback Liva with starting price of Rs 5.39 lakh to premium SUV Land Cruiser 200 tagged at Rs 1.34 crore (ex-showroom ...
Toyota Kirloskar Motor on Tuesday reported a 6.06% decline in domestic sales at 11,651 units in October.
Orders for Innova Crysta diesel cars rose in Delhi after the lifting of a diesel ban on 2000cc and above powered engines
However, exports in August declined by 10.24 per cent
The recently launched Innova Crysta clocked sales of 7,800 units last month
Facility is the first GD engine plant of Toyota in India and third globally, after Japan and Thailand
The company says if the ban on diesel vehicles continues, around 13% of its sales will be hit
Compact SUV segment has emerged strongly in past couple of years owing to increased demand from car buyers
Exports during the month declined by 38.77 per cent to 903 units from 1,475 units in the year-ago month.