Toyota India sees no impact of safety-recalls

Published On Mar 25, 2010 01:05 PM By Vikas

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Toyota Motors, largest car maker of the world which saw a series of safety recalls last month, has said that it sees no impact of these incidents on its sales in India. Mr Sandeep Singh, Deputy Managing Director (Marketing) of Toyota Kirloskar Motor (TKM) said that there is no impact on company's sales in India and as company has doubled its sales in the country in last two months. According to him the impact of last month's biggest-ever safety recalls by the company is limited to the US market only and company is receiving high demand for each of the vehicle in its Indian portfolio.

Referring to the company's total sales in the month of January and February, Mr Singh added that in last two months sales of the company has grown 100 percent. Company sold 11,982 units of its vehicles in total in the month of January and February, accounted for a sales increase of 109 percent as compare to the sale period of last year.

Toyota India is targeting to increase its sales by more than 25 percent this year by selling 70,000 units of its vehicles in year 2010, as against the 55,497 units it sold in year 2009.

Mr Singh added that sales of the company may slow-down in the period of April-May this year as some states of the country have raised the road tax and VAT, while at the same time the government of India has raised the excise duty by 2 percent. However, he was optimistic about the good sales of the company in coming months if economy continues to do well.

Toyota India currently has some of the most popular models in its portfolio in India including Toyota Innova, Toyota Prius and Toyota Fortuner. Besides this the company is in the process of launching a premium hatchback in India named as Toyota Etios by this year end.

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