Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

Toyota India Sales Growth At 60.2%, Attributes Growth to the New Fortuner & Innova Crysta

new-corolla_tcm34-116701.jpg
Share:

Toyota India Sales Growth At 60.2%, Attributes Growth to the New Fortuner & Innova Crysta
We bring you our monthly report on the automobile sales for March, 2017. You can catch all the February Sales here. You can also find all the coverage in relation to the automobile sector here.


Toyota India launched the facelift of the Corolla Altis with the previous mid-level G trim now becoming the entry model.
Commenting on the new launch Mr. Akitoshi Takemura, Sr. Vice President, Toyota Kirloskar Motor said:

We are delighted to be presenting the New Corolla Altis which has been developed keeping in mind, aspirations of a premium sedan customer. The Corolla Altis is one such true global Toyota model which is manufactured in 16 Toyota plants worldwide and owned and appreciated by customers in some of the best cities like Tokyo, Sydney, Shanghai, Moscow, San Francisco and Rio – de – Janeiro.
The Altis embodies a prestigious and luxurious real sedan in India and is preferred by an elite set of customers. The new Corolla Altis offers the best in design and comfort making it a compelling combination of the brand’s passionate design, exquisite interiors and host of safety and convenience features. We are certain that the new Corolla Altis will further add to customer delight and our customers will continue to appreciate the new product as it has been appreciated by more than 44 million happy customers worldwide.

Toyota India Sales Growth At 60.2%, Attributes Growth to the New Fortuner & Innova Crysta
Also speaking on the occasion, Mr. N. Raja, Director & Sr. Vice President, Toyota Kirloskar Motor said:

The Corolla Altis is a globally acclaimed bestseller sedan for Toyota. Not just across the world, but also in India the Corolla Altis has constantly been a leader in its class. A true sedan in the C segment in India, the Altis has captivated its customers and the market alike with its features like prestigious styling, luxurious and spacious interiors and a dynamic performance.
Over the years the Corolla Altis has emerged as one of our strongest products in the country enabling us to strengthen our position in the premium C sedan segment with an average of over 40% segment share. We are confident that the new Corolla Altis will be successful in maintaining its unshakeable presence in the segment and also reiterate Toyota’s safety leadership positioning in India.

Toyota Kirloskar India reported sales of 14,432 units in March, 2017 against 9,007 units during the same time last year resulting in a growth of 60.2%.
Toyota India Sales Growth At 60.2%, Attributes Growth to the New Fortuner & Innova Crysta

  • Domestic Sales stood at 13,796 units against 7,637 units
  • Exports stood at 636 units to against 1370 units

Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.
Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing, Toyota Kirloskar Motor said:

We clocked a massive growth of 81% this month when compared to the domestic sales in March 2016. Both the new Fortuner & Innova Crysta have attributed to this growth. In just five months, the new Fortuner has been able to clock more than 10,300 units which further reiterates its popularity amongst our customers. We would like to thank our customers for this overwhelming response.
The Platinum Etios and the new Liva dual tone have also contributed to our monthly sales growth. The recently launched Liva dual tone has got a positive response from the market thereby increasing sales of Liva. We also launched the new Corolla Altis this month and are confident that our customers will appreciate it.
With the end of this financial year, we are happy to announce that Toyota has registered a growth of 12% when compared to the last financial year. This has been possible with the launch of our two new products, the Innova Crysta and the new Fortuner. This growth further reinforces the trust our customers have in Toyota products and we would like to thank our customers for this appreciation.

Love it or hate it, do leave us with your reviews in the comment section below!

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial