Toyota Kirloskar Motor on Sunday said it has registered
a growth of 16 per cent in first month of the year, selling 12,650
units in the domestic market.
The company had sold 10,910 units in
January 2014, it said in a statement. “The growth of 16 per cent is also
credited to the launch of the New Innova and all-new Fortuner 4X4 AT,
in early January,” N Raja, Director and Senior Vice President (Sales and
Marketing) at the company said.
Toyota also
registered an increase of 15 per cent in total sales (including exports)
at 14,364 units in January 2015 as opposed to 12,440 units sold in the
year-ago month.
However, Mr. Raja said the effect of
the increased prices on account of excise duty hike, is impacting the
market.
“We hope the government 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 automobile sector are essential at this point in time,” he
added.
Meanwhile, two-wheeler maker Royal Enfield
reported 42 per cent jump in domestic sales at 28,157 units in January
this year, compared to 19,808 units in the year ago month.
The company’s
total sales stood at 28,927 units in the last month, up 43 per cent
from 20,232 units in January 2014. Exports stood at 770 units, up from
424 units in the year ago period.
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