Toyota Kirloskar Motor records a sales growth of 7% in FY 18-19 as compared to FY 17-18. Innova Crysta has registered positive growth in FY 18-19 as compared to FY 17-18.
The recently launched All New Camry Hybrid Electric Vehicle or self charging electric vehicle has been received very well by customers across India. The company has seen a growth of 6 % in Camry Sales in Jan -March 2019 as compared to same period last year.
Commenting on the sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “
We are happy to have clocked a growth of 7% in domestic sales in FY 18-19 as compared to FY 17-18. Innova Crysta and Fortuner have been maintaining the growth trajectory and continue to be leaders in the segment. We are thankful to our loyal customers for their trust and confidence in Toyota products.
All New Camry Hybrid Electric Vehicle or self charging electric vehicle has already crossed 500 bookings since its launch in Jan 2019. We are happy that customers are more aware and are appreciating clean and green eco friendly Hybrid technology. The New Camry Hybrid Electric vehicle or self-charging vehicle has vastly improved in terms of fuel efficiency and emissions
Additionally, Etios Liva has also contributed to the positive sales momentum in FY 18-19 with a growth of 13% as compared to FY 17-18.
However, consumer spending has weakened in the pre election phase and the business sentiments have dampened temporarily. In the month of March 2019 Toyota Kirloskar Motor sold a total of 12818 units in the domestic market in the month of March 2019. The company exported 844 units of the Etios series this month thus clocking a total of 13662 units. In the month of March 2018, Toyota Kirloskar Motor sold a total of 12,539 units in the domestic market this month of March 2018. The company exported 998 units of the Etios series this month thus clocking a total of 13,537 units.
Toyota expects the business conditions to improve in the months ahead post elections and government formation.