Automobile manufactures Toyota Kirloskar Motor witnessed a gowth of 7 per cent insale in FY 18-19 as compared to FY 17-18
According to the report, the domestic sales for the company grew by 2 per cent in March 2019 compared to the same period last year. In the month of March 2019 Toyota Kirloskar Motor sold a total of 12818 units in the domestic market. However, exports fell in March 2019 as the company managed to ship just 844 units compared to 998 in 2018. The Innova Crysta continued to be a bestseller for the company with the MPV registering positive sales and continues to be the segment leader. The new generation of the Camry Hybrid has also done well for the company.
The company witnessed a growth of 6 per cent from January to March 2019 compared to the same period last year. Informing about sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, "We are happy to have clocked a growth of 7% in domestic sales in FY 18-19 as compared to FY 17-18. Innova Crysta and Fortuner have been maintaining the growth trajectory and continue to be leaders in the segment. We are thankful to our loyal customers for their trust and confidence in Toyota products."
Additionally, the Etios Liva contributed to the positive sales momentum in FY 18-19 with a growth of 13 per cent as compared to FY 17-18. However, the company said that consumer spending has weakened in the pre-election phase and the business sentiments have dampened temporarily.