For Toyota, Innova in its Crysta avatar has been performing well since launch in 2016, and has continued to do so through 2018, a period when sales across manufacturers and segments has faltered.
Innova and Fortuner have contributed strongly to company sales over a sustained period. The Indian auto industry has witnessed a slowdown in recent months owing to adverse effects of macroeconomic factors. In the domestic market, TKM reports 11,830 units sold up from 10,793 units sold in the same period last year.
Exports for the Etios range stand at 653 units, down from 812 units exported in December 2017 at a sales decline of 20.6 percent. Cumulative (domestic + export) sales for the month stand at 12,483 units up from 11,605 units sold in Dec ’17 at 7.5 percent sales growth.
Toyota Kirloskar Motor domestic sales through Jan – Dec 2018 grew by 9 percent over 2017. This year, the company introduced the family mid-size Yaris sedan. From today, Toyota car prices have increased across India.
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. Thanks to our valued customers, we have been able to record the highest ever IMV Sales (Innova + Fortuner) this year.
We are grateful to our customers for their continued trust on Toyota products. It is a delight for us that we have met the aspirations of Indian customers with our products that are backed by the strong core of Quality, Durability, Reliability with extreme importance to safety.”