Toyota Kirloskar May sales double; to hike prices from June

Toyota Kirloskar Motor, the Indian arm of Japanese auto maker Toyota, said sales in May more than doubled year-on-year to 15,501 units, helped by strong demand for Etios sedan and the new Innova launched earlier in 2012. Toyota's sales in May 2011 had been impacted due to the earthquake and tsunami that had hit Japan.

The company also said prices of select vehicles will be increased from June 1 due to the recent sharp weakening of the rupee.

Toyota Kirloskar is increasing prices of Innova and Etios Diesel by 1% and that of Etios Diesel and Fortuner 0.5%, Sandeep SIngh, Deputy MD - Marketing said.

Meanwhile, sales of Toyota Etios sedan were up 25% to 4,270 units and 2,587 units of Etios Liva hatchback were sold last month.

Among its SUVs, Innova sales accelerated 127% to 6,710 units and Fortuner sales jumped 108% to 1,399 units.

Toyota Kirloskar also sold 523 units of the Corolla Altis sedan in May.

Also Read: Nissan Motor India May sales rise 98% to 3,138 units

Nachiket Kelkar
nachiket.kelkar@moneycontrol.com