Toyota India registers 7% Growth in March 2013

Toyota Kirloskar Motor has registered a 7 per cent growth in March 2013. The company sold 19,452 units as against 18,220 units sold in the corresponding month in 2012, thanks to new Etios and Etios Liva. The Japanese auto-giant exported 1,691 passenger vehicles in March 2013. The cumulative sales registered were 21,143 units including exports.

Commenting on the sales in March 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “Despite the slow demand in market, we have registered a growth. This growth can be mainly attributed to high customer acceptance of the New models of Etios and Etios Liva, launched recently.  The Etios and Etios Liva sold 8,637 units in March. The sales of Innova and Fortuner have also contributed to this growth. On the other hand, increase in excise duty of SUV’s and implementation of increased road tax in some of the states has helped clear the stock of pre budget vehicles. The market continues to be slow, and is expected to remain sluggish in the coming months”.

last fiscal was not good for car-makers, and manufacturers are coming up with several schemes, limited editions and faclift launches to lure buyers.  Even the March was the fruitless one for most car makers, it was the poorest ever month in the past decade in terms of sales. In the middle of very bad-market, Toyota manages to grab 7 per cent growth, which is excellent when compare to other big manufacturers.

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