Toyota Kirloskar Motor announced today that it has sold a total of 6050 vehicles in May 2010 as against 3924 vehicles during the same period last year, recording an increase of 54 per cent. Cumulative sales for the period January to May 2010 stands at 30,946 units, recording an increase of more than 86 per cent over the same period last year.
Commenting on the latest sales figures, Mr. Sandeep Singh, Deputy Managing Director (Marketing), TKM said, “We are happy with the consistent growth in sales that we have been registering, especially as the Innova, Corolla and Fortuner maintain market leadership in their respective segments.”
TKM is a joint venture between Toyota Motor Corporation and the Kirloskar Group. TKM has invested nearly Rs. 1,500 crores in its plant at Bidadi, employing around 3700 people. The plant started production in December 1999 and has a capacity of producing 80,000 units annually.