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Toyota Records 63% Growth in the month of October
Toyota Records 63% Growth in the month of October
November 9, 2011 Cars news in Bangalore,Karnataka, India, Republic of
Toyota Kirloskar Motor (TKM) registered a growth of 63% in the month of Oct 2011, when compared to the same period last year.
FOR IMMEDIATE RELEASE
Bangalore,
Karnataka,
India, Republic of
(Free-Press-Release.com) November 9, 2011 --
Bangalore 1, Nov 2011: Toyota Kirloskar Motor (TKM) registered a growth of 63% in the month of Oct 2011, when compared to the same period last year. The company sold 10,762 units in Oct 2011 as compared to 6,602 units in Oct 2010.
The growth in sales is mainly driven by Toyota’s latest entrants Etios and Etios Liva , which sold 3,405 and 2,454 units respectively.
The Innova, Corolla Altis and Fortuner sold 3411, 700 and 763 units respectively.
“The production in Oct has been low due to the festive holidays. However,we have registered a growth in sales last month. The Etios continues to drive the sales growth. ” said Mr Sandeep Singh, Deputy Managing Director, Marketing,TKM.
The company registered a cumulative growth of 68% . It sold 1,06,246 units from Jan 2011 to Oct 2011 when compared to 63,158 units in the same period last year.
Visit :- http://www.toyotabharat.com for details
Overview of TKM
Company name -- Toyota Kirloskar Motor Private Limited
Managing Director -- President: Hiroshi Nakagawa (TMC)
Established -- October 1997 (start of production: December 1999)
Location --Suburb of Bangalore, Karnataka State
Products -- Corolla Altis, Innova and Fortuner manufactured in India. Camry, Prado, Land Cruiser and Prius imported as CBUs.
Annual production capacity -- Approx. 80,000 units
Equity participation -- TMC: 89%, Kirloskar group: 11%
Number of employees -- Approx. 4,650 (as of end of 2010)
Land area -- Aprox. 432 acres (approx.1,700,000 m2)
Building area -- 74,000 m2
Overview of TKM 2nd Plant
Location -- On the site of Toyota Kirloskar Motor Private Limited (on the outskirts of Bangalore, Karnataka State)
Products -- Etios Sedan and Hatchback Etios Liva (will go on sale in April 2011)
Start of production -- December 2010
Annual production capacity -- 70,000 units.
Visit :- http://www.toyotabharat.com for details
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