Toyota Kirloskar Motor registers drop in sales for March 2016

  • Apr 3, 2016
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Owing to the ban on diesel vehicles in the NCR, Toyota Kirloskar Motors was able to sell a total of 9,007 units in the month of March 2016

Toyota Camry Hybrid

Toyota Kirloskar Motor has experienced a drop in sales figures for the month of March 2016. The company was able to sell a total of 9,007 units in the month in correspondence to 14,325 units sold in same month last year. Out of the 9,007 total units sold, 7,637 units were sold in the domestic market and 1,370 units of the Etios series were exported. 

The manufacturer claims that the Camry Hybrid has been receiving recognition, resulting in more than 90 per cent growth in the market. The Toyota Camry has reported growth of 46 per cent for the fiscal year of 2015-16 as compared to the fiscal year of 2014-15. 

Commenting on the monthly sales figures, N. Raja, Director & Sr. Vice President, Sales & Marketing - Toyota Kirloskar Motor said, “The ban on registration of diesel vehicles in Delhi & NCR area has affected our sales the past few months and will further affect us adversely due to its continuation. We are hopeful that the matter will be concluded favourably during next hearing, considering all the data and logic presented by us to Hon’ble Supreme Court.

In terms of sales, the Camry and especially the Camry hybrid continues to grow at a steady pace. The success of Camry hybrid indicates the willingness of the market to accept alternative fuel technology like hybrid which not only benefits the environment but also conserves fuel. We would like to thank the government who has encouraged our efforts to promote hybrid technology in India including the VAT reduction by Delhi Govt. In recent budget would give further impetus to the growth of hybrid vehicles in India.”

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