Japanese carmaker Toyota Kirloskar motors has been delivering world class features loaded cars in the Indian market. The effects are indeed pretty much evident as the company has reported about 16% growth in just the first month starting this year. The company reportedly sold about 12,650 units last month in the domestic market as compared to the 10,910 units witnessed in the same period last year. Including the export numbers, Toyota has witnessed a growth in total sale with about 14,364 units in January as against 12,440 units sold in the same period last year.
Speaking more on the special occasion, “The growth of 16% is also credited to the launch of the New Innova and all-new Fortuner 4X4 AT, in early January. We would like to thank our customers for their continued support and trust in brand Toyota and also welcome new customers for a great journey ahead.” However as a caution, he further added, “The effect of the increased prices on account of excise duty hike, is still impacting the market. We hope the Govt would reconsider the excise duty concessions in the upcoming Fiscal Budget, to achieve sustained growth in 2015. In line with the "Make in India" campaign, structural reforms for the Auto sector are essential at this point in time.”
