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Toyota Sales up 80% in March; Closes FY 17 With 11% Growth

The robust demand of the two vehicles helped the company make up for five months of absence in Delhi-NCR region during the fiscal when diesel cars and SUVs with engine capacity of 2,000cc and above were banned, he added.

PTI

Updated:March 31, 2017, 5:36 PM IST
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Toyota Sales up 80% in March; Closes FY 17 With 11% Growth
Toyota logo (Image: Reuters)
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New Delhi: Toyota Kirloskar Motor (TKM) on Friday reported 80 per cent increase in its sales in March at 13,800 units driven by its Innova Crysta and new Fortuner models.

The company had sold 7,637 units in the same month last year.

For the fiscal 2016-17, TKM posted a growth of 11 per cent at 1,42,500 units as against 1,28,500 units in the previous fiscal.

"Our growth has been largely driven by Innova Crysta and Fortuner. We have so far delivered 75,000 units of Innova Crysta and 10,350 units of Fortuner in five months since its launch,"
Toyota Kirloskar Motor Director and Senior Vice-President Sales & Marketing N Raja said.

The robust demand of the two vehicles helped the company make up for five months of absence in Delhi-NCR region during the fiscal when diesel cars and SUVs with engine capacity of 2,000cc and above were banned, he added.

"Earlier in the fiscal, when the ban was on in Delhi-NCR we were looking at flat growth but in the last few months of the year our sales have picked up," he said.

In December 2015, the Supreme Court had banned registration of such big diesel cars and SUVs due to pollution concerns. It was lifted in August last year.

Raja said overall for the industry passenger vehicle sales are expected to grow by around in single digits in the fiscal 2016-17.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Nakshab Khan
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