Toyota India sales, exports flat in February
Bengaluru, March 1 : Toyota Kirloskar Motor Company (TKMC) on Friday reported flat sales and export of its cars in February on annual basis due to slowdown and tight liquidity condition.
Total sales in January were 12,067 cars, including 11,221 in the domestic market and 846 in the export market.
"Though consumer sentiment improved in February compared to January, leading to a growth in demand, auto sales are witnessing a slowdown in pre-election phase and due to tight liquidity condition impacting the buying behaviour," said TKMC Deputy Managing Director N. Raja in the statement.
In the two-decades-old JV of Toyota Motor Corporation (TMC) and the Pune-based Kirloskar Brothers Ltd, the former holds 89 per cent of the equity.
The company has two assembly plants with 3.1 lakh units combined installed capacity per annum at Bidadi industrial township, 40 km from the city.
The JV rolls out a range of models, including Innova multi-utility vehicle, Camry sedan, Prius hybrid, Corolla Altis, Etios and Land Cruiser, with some of them imported as completely built units.