Toyota Kirloskar Motor registers 61% growth in sales
Toyota Kirloskar Motor registered sales of 9681 units in April 2011. The company sales grew by 61% when compared to the corresponding period last year.
- (1888PressRelease) May 03, 2011 - Bangalore:
• 9681 units sold in April 2011
• Registers 61% growth in sales when compared to the same period last year
• Growth largely driven by Etios with 4657 units sold in April 2011
Toyota Kirloskar Motor registered sales of 9681 units in April 2011. The company sales grew by 61% when compared to the corresponding period last year. The growth is largely driven by the impressive sales of the Etios with 4657 units in April 2011. The other products showed a drop in sales, a fallout from the production adjustment observed from 25th April to 4th June 2011. The company earlier announced temporary production adjustment in light of the supply difficulties, following the March 11, earthquake and tsunami in Japan.
Mr. Sandeep Singh, Deputy Managing Director, Marketing, TKM said, "The growth last month can be attributed to the encouraging sales of Etios.
We have so far sold 12758 units since its launch in Dec last year.
We have incurred a loss of approx 2900 units in April due to the production adjustment. However, the actual impact of the temporary production adjustment will be felt in the month of May, as we will operate at 30% of our normal capacity. We deeply regret the inconvenience caused to our customers. Our dealers will be in constant touch with them and will keep them updated on the developments. This is just a temporary phase, we will resume production as soon as possible. Until then, we seek our customers support and understanding in these troubled times." 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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