Toyota Kirloskar Motor (TKM) reported a 15.32 percent decline in domestic sales at 10,793 units in December 2017. The company had sold a total of 12,747 units in the same month a previous year in the domestic market, TKM said in a statement.
TKM exported 812 units of the Etios series in December 2017 compared to 1,346 units in December 2016, a decline of 39.67 percent. In 2017, the company sold a record 97,000 units in the domestic market, a growth of 5 percent over 2016.
“With the maximum utilization of Plant I capacity to 97 percent, we were able to cater to the increase in customer demand of Innova and Fortuner,” TKM Director and Senior Vice President Sales & Marketing N Raja said.
He added that sales of Camry Hybrid were negatively impacted by the steep rise in price post applicable tax as per GST framework.
“We hope that the new year will bring in positive sentiment in the market for Hybrid. Toyota will continue to have a strong focus on Camry Hybrid in the New Year as a part of its plan for electrification of vehicles,” Raja said.
The model would continue to be a significant part of Toyota product lineup, he added.
This is published unedited from the PTI feed.