On April 1, Toyota Kirloskar Motor Pvt Ltd (TKM), a subsidiary of Toyota Motor Corporation for the manufacture and sales of its vehicles in India, announced their sales results for March.
According to the announcement, total sales fell 31% to 9,007 units (including exports), resulting in a deficit for the seventh month in a row.
Of these 9,007 units, domestic sales in India comprised 7,637 units, which was a 41.4% drop from the previous year and a sales decline for the eighth consecutive month. In October 2014, TKM underwent its first significant makeover for their top selling Etios and Etios Liva. Along with the Etios, TKMâ€™s sales are centered on the Corolla and Camry. In particular, the Camry was a success as sales surged 46% in fiscal 2015. Over 90% of Toyota sales in India were for hybrid models.
Moreover, from April 2012, TKM began exporting the locally produced Etios series to overseas. In March, exports of the Etios grew 6.2% to 1,370 units.
TKMâ€™s Senior Vice President of Marketing & Sales, Narayan Raja said, â€œRegistration regulations on diesel cars with engine displacements of 2.0 liter or more for Delhi and metropolitan areas will have a long-lasting impact.â€