Toyota Kirloskar Motor Feb 2011 Sales Grow by 55%
Bangalore, Karnataka -- (SBWire) -- 03/13/2011 -- Toyota Kirloskar Motor has registered a growth of 55% in sales in Feb 2011, compared to the corresponding period last year. It sold 9,308 units in Feb 2011 against 5,993 units in Feb last year.
Cumulative sales for the period January to Feb 2011 stands at 18,509 units as compared to 11,982 units last year, recording an increase of 54%.
Commenting on the performance, Mr. Sandeep Singh, Deputy Managing Director, Marketing, TKM said, “We are very happy with the growth registered this month. This is largely driven by the sale of Etios with 2786 units. We have sold 4844 units since its launch in Dec 2010 ” 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.
• 55% growth in sales in February 2011, as compared to the same month last year
• A jump of 54% in cumulative sales for January-February 2011 over the same period last year
• Attributed largely to sales of the Etios with 2786 units
Visit http://www.toyotabharat.com for details
Media Relations Contact
Shalini Bhattacharya
Toyota Kirloskar Motor Private Limited
http://www.toyotabharat.com/
View this press release online at: http://rwire.com/82265