Photo: Toyota
Toyota Kirloskar Motor subsidiary has recently reported a six percent sales decline for August 2013.
The Indian subsidiary sold 12,007 units last month, compared to the 13,995 units sold in the same month of last year. Rupee devaluation and rising inflation affected sales while also increased the prices of the Camry and Fortuner models by one percent, due to their dependency on imported parts.
"With the rupee depreciation and rising inflation we have increased the prices of Camry Petrol and Fortuner. The prices have been increased by 1%. Last month we launched the Camry Hybrid; this is in line with offering advanced technology to our customers and encouraging the use of hybrid in India thereby contributing to a greener tomorrow. The market is still sluggish; however we hope to see the market improve with good monsoons and the upcoming festive season.” said Toyota deputy managing director and CEO Mr. Sandeep Singh.
"With the rupee depreciation and rising inflation we have increased the prices of Camry Petrol and Fortuner. The prices have been increased by 1%. Last month we launched the Camry Hybrid; this is in line with offering advanced technology to our customers and encouraging the use of hybrid in India thereby contributing to a greener tomorrow. The market is still sluggish; however we hope to see the market improve with good monsoons and the upcoming festive season.” said Toyota deputy managing director and CEO Mr. Sandeep Singh.
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