Toyota Kirloskar Motor (TKM) sold 11,284 units in Feb 2014 compared to 13,979 units in Feb 2013. The company exported 1,184 units of the Etios series last month. In the domestic market TKM sold 10,100 units in Feb 2014 as compared to 12,756 units in Feb 2013.
N. Raja, the Senior Vice President of Sales and Marketing at Toyota Kirloskar Motor commented, “The excise duty cut was a welcome step taken by the Govt to revive sale. However, other factors like high interest rate, falling rupee and unstable fuel pricing still loom large in the market."
Toyota Kirloskar Motor has two production facilities located just outside the city of Bangalore. The first plant was established in 1997 and manufactures the Toyota Innova. Also, the Land Cruiser, Prado and the Prius are imported as CBUs here. The plant’s total production capacity is 1,00,000 units. The second plant was established in 2010 and manufactures the Corolla Altis, Camry, Camry Hybrid, Etios Liva and the Etios. This factory’s total production capacity is 2,10,000 units.