Toyota Kirloskar Motors, one of the leading car manufacturing companies all over the continent recently posted a 10% growth in the domestic sales in the month of December 2018 as compared to the domestic sales in December 2017.
Even though the automotive industry has faced a slowdown in the buying sentiment due to various macroeconomic factors in 2018, owing to a downfall in the sales, yet the industry made a significant comeback with steady growth in sales. Toyota Kirloskar Motor recorded around 9% growth in domestic sales in Jan-Dec 2018 as compared to 2017.
“We are happy to close the year with a series of positive milestones despite the dampening effect on consumer sentiment owing to hike in, fuel prices, higher interest rates, increase in insurance premium.” said Mr. N. Raja, Deputy Managing Director of Toyota Kirloskar Motor, commenting on their monthly sales. Toyota Yaris contributed to the sales growth of the company in 2018. Having launched in 2018 itself, it has also been contributing significantly to the positive annual sales for the company.
Innova Crysta has been winning hearts of the buyers in the Indian market. Having launched in 2016, Innova Crysta in its own way has witnessed record growth in sales throughout the year despite challenges field by the Auto industry. Innova & Fortuner have maintained their stronghold in their segment since their launch.
Having sold a total of 11830 units in the month of December 2018 in the Indian market and accounting to an export of 653 units of Etios series, they counted a record sales of 12483 units as compared to December 2017 having sold 10793 units in the domestic Indian market and export of 812 units of Etios series.
“Thanks to our valued customers, we have been able to record the highest ever IMV sales with Innova Crysta and Fortuner this year, We are grateful to our customers for their continued trust on Toyota products. It is a delight for us that we have met the aspirations of Indian customers with our products that are backed by the strong core of quality, durability, reliability with extreme importance to safety”, added Mr. N. Raja owing it all to their customers and promising to keep providing their services to the best in order to keep this growth constant and ever-growing.