Toyota Kirloskar Motor reported that it sold 11,221 units in domestic market in January 2019. Taking into account 846 units exported during the period, TKM sold a total of 12,047 units in the first month of the year. Last year in January the company had sold 12,351 units in the domestic market and exported 888 units.
Commenting on the sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “With the closure of special offers/year end schemes the buying sentiment has witnessed a dip this month. The tightening of vehicle financing availability has also added to the challenges in the market. However, we are happy to have launched the All New Camry Hybrid Electric Vehicle or self-charging electric vehicle across dealerships in India at the onset of the new year.
Newly Launched Camry Hybrid Electric vehicle has received overwhelming response and strong demand from customers across India. We have received the best ever customer bookings of more than 200 already since the official launch on 18th January in this month. Customers have appreciated the 8th Generation global sedan for its much more enhanced design, innovation, luxury, class apart comfort and unmatched safety. We have launched the product at a very competitive Special Introductory price of Rs. 36,95,000 Ex-showroom. (These prices will be the same across the country).
With many populist measures the Budget 2019 will strengthen consumer sentiments in the country, thus enabling development of Auto Industry. Increased focus on Rural Industrialization and infrastructure development will further drive the development of rural markets. We can expect enhanced customer demand with this move. Also, the increased tax exemptions will generate more disposable income, this will further uplift the buying sentiments in the coming months. Focus on highway developments and railways will be a plus for automotive industry. We hope for a positive sales momentum with these growth- oriented reforms. We applaud the Government of India’s focus on EV drive towards reducing fuel import. Toyota has been a pioneer in electrified space offering alternate mobility solutions [HEVs, EVs, FCVs, PHEVs] globally. We would further continue our concerted efforts in this direction to boost sustainable mobility to enhance ever-better & comfortable living of the society.”