Toyota Kirloskar Motor crosses 1 million sales mark in India

Tags: News
Car maker Toyota Kirloskar Motor today crossed the 1 million sales mark in the country.

The company recorded its 1 millionth vehicle sale through Nippon Toyota, its authorised dealer in Cochin, Toyota Kirloskar Motor (TKM) said in a statement. The car, a Toyota Etios, was handed over to a customer during a ceremony.

"The sale of Toyota's 1 millionth car in India marks a very important milestone for us. Since its inception, Toyota has been present in the MPV/SUV segment in India and we have been market leaders ever since in these segments," TKM Senior Vice President N Raja said.

The company forayed into the mass segment with the Etios and Liva in 2011 and has been able to cross this milestone in a short duration, he added.

Established in India in 1997, Toyota currently has a production capacity of up to 3,10,000 units.

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture