Toyota Kirloskar Motor 19% sales decline in February 2014

Toyota Kirloskar Motor (TKM) sold 11,284 units in Feb 2014 compared to 13,979 units in Feb 2013. The company exported 1,184 units of Etios series last month.

In the domestic market TKM sold 10,100 units in Feb 2014 as compared to 12,756 units in Feb 2013.

Mr. N Raja, Senior Vice – President, Sales and Marketing said ‚ÄúThe excise duty cut was a welcome step taken by the Govt to revive sale. However, other factors like high interest rate, falling rupee and unstable fuel pricing still loom large in the market.”