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Toyota Kirloskar says sales to nearly treble in 2011

Toyota Kirloskar says sales to nearly treble in 2011
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First Published: Wed, Jul 21 2010. 01 10 PM IST
Updated: Wed, Jul 21 2010. 01 10 PM IST
New Delhi: Toyota’s India unit sees its sales close to trebling in 2011 from last year as sales of its compact Etios cars get under way, a senior executive said on Wednesday.
Toyota Kirloskar Motor expects to sell 150,000 vehicles next year, with close to half coming from Etios, which will be launched at the end of this year.
“If we produce 70,000 (Etios) cars, sales would be anywhere between 65,000 to 67,000 (units),” deputy managing director Sandeep Singh told reporters.
The compact car is being manufactured at a second plant near Bangalore, with an initial capacity of 70,000 units.
Toyota’s India head Hiroshi Nakagawa ruled out producing a car smaller than Etios.
Earlier this month, Toyota said it would invest $103 million to produce engines and transmission systems for Etios, which has been developed for the local market.
Toyota’s products in India include the popular Innova and Fortuner sport utility vehicles, Corolla Altis and Camry sedans, Prius hybrid and the Land Cruiser.
In 2009, Toyota Kirloskar Motor sold 55,497 vehicles in India. It expects sales to rise to more than 70,000 units this year.
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First Published: Wed, Jul 21 2010. 01 10 PM IST
More Topics: Toyota Kirloskar | Etios | Auto | Cars | Sales |