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Toyota Kirloskar Motor posts 10% growth in Dec 2018

By Niranjan Mudholkar,

Added 03 January 2019

Sold a total of 11830 units in the domestic market

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The company has also achieved the milestone of highest ever IMV Sales (Innova + Fortuner) in 2018 in India

Toyota Kirloskar Motor has posted a growth of 10% in December 2018 as compared to domestic sales in December 2017. Toyota Kirloskar Motor sold a total of 11830 units in the domestic market in December 2018. The company exported 653 units of the Etios series this month thus clocking a total of 12,483 units. In the month of December 2017, Toyota Kirloskar Motor sold a total of 10793 units in the domestic market. In addition, the company exported 812 units of the Etios series. The company has also achieved the milestone of highest ever IMV Sales (Innova + Fortuner) in 2018 in India.

Commenting on the monthly sales, N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “We are happy to close the year end with a series of positive milestones despite the dampening effect on consumer sentiment owing to hike in fuel prices, higher interest rates, increase in insurance premium. The buying sentiment had seen a slowdown in the last few months owing to adverse effects of macroeconomic factors, yet the industry hit back with a steady growth in sales. Toyota Kirloskar Motor domestic sales in the period Jan –Dec 2018 has grown by around 9% compared to same period in 2017. We have tried and maintained lean inventory at our dealerships.

Our versatile sedan-Toyota Yaris launched this year has been an important contributor to the positive annual sales growth. Additionally, other products like Etios Liva have also sustained the positive sales momentum.”

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