Continuing its double digit growth momentum, Toyota Kirloskar Motor (TKM), a joint venture between Japanese auto giant Toyota and India-based Kirloskar Group, registered a year-on-year growth of 63 percent in April 2015 at 12325 units.
The Indian subsidiary of Japanese auto major company exported 1334 units in April 2015, clocking a 74 percent year-on-year growth as against the overseas shipments recorded in the same month a year ago.
So far in the current year, TKM has been registering a double digit growth month-on-month. In January, the company witnessed 16 percent growth in sales, which surged to 17 percent in February and further surged to 62 percent in March and 63 percent in April in 2015. In total, Toyota Kirloskar Motor has clocked a 36 percent growth in the Indian market for four months from January to April in the current year when compared to the same period a year ago.
N Raja, Director and Senior VPt, Sales and Marketing said, “The company’s sales growth can be attributed to the growing demand for its Etios series, notably after the introduction of the Etios Cross a year ago. The Etios series and the new Corolla Altis has helped the company to achieve continuous growth month-on-month.
He said the company has been giving utmost importance to safety features in its vehicles. The company’s efforts to standardize airbags in all the models has given a positive response to sales growth. The continuous positive response and appreciations from customers on the safety and other comfort features on all the new models shows the success rate of Toyota vehicles in India.
He also noted that the company is very much excited about the launch of the New Camry Hybrid, which which will be available for customers in India from today. The launch of Hybrid vehicle is further reiterating the company’s commitment towards promoting hybrid car technology to check pollution in order to preserve environment.