Toyota Kirloskar Motor reports marginal dip in sales in October

Despite the onset of the festive season and reduced interest rates, Toyota Kirloskar Motor reported a decline in domestic sales in October. The automaker sold 12,403 units in the domestic market against 12,556 units, down 1.21% from a year ago. It exported 1,198 units thus selling a total of 13,601 units in October 2015.

The company registered a cumulative growth of 9% by selling 119,095 units in the domestic market from January to October 2015 as compared to 108,863 units sold from January to October 2014.

According to the carmaker, the Etios series registered a cumulative growth of 12% from January to October 2015 when compared to the same period last year. This growth can be attributed to the overwhelming response received to the recently launched New Liva, it said.

Commenting on the sales performance, N Raja, director and senior vice-president, sales and marketing, said: "With the festive season on, we have seen a growth of 9% in our sales from January to October 2015 when compared to the same period last year. The Etios series has also seen a cumulative growth. The New Liva has received an overwhelming response from buyers. The sale of new Camry continues to grow and has already exceeded the total Camry sales in 2014. Camry Hybrid constitutes 90% of the total New Camry sales.”