Toyota Kirloskar logs 87 percent sales growth in March

Chennai, April 1 (IANS) Indo-Japanese car venture Toyota Kirloskar Motor Pvt Ltd closed March with sales of 18,220 units, logging a growth of 87 percent over the comparable period the previous year.

In a statement issued Sunday, the company said it sold 18,220 units as compared to 9,726 units sold in March last year.

The company's Etios model registered a 57 percent growth with the highest ever monthly sales of 5,104 units as compared to 3,257 units sold in March last year.

The Etios Liva model also registered its highest-ever monthly sales with 4,034 units in the month of March 2012.

According to the company, its new Innova sold 6,765 units last month as compared to 4,418 units sold in March last year.

The new Fortuner sold 1,379 units as compared to 980 units in the corresponding month last year. The Corolla Altis sold 917 units.

The company sold 14,538 units of Etios model cars during the first quarter of the current fiscal up form 7,694 units sold in the last quarter.

"Etios continues to register high sales and has registered good growth in the first quarter setting a good pace for this year. The new Innova and the new Fortuner also continue to clock in high sales.

The company might have registered 85 percent growth in March but the demand in April "could be impacted by the increase in excise duty, registration tax and VAT (value added tax)," deputy managing director (Marketing) Sandeep Singh said in the statement.