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The automaker said it was "inconceivable" that mid-size sedans would disappear from the market, and that any move by its rivals to stop selling what was once among the most popular vehicles would allow Toyota to boost its presence.
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Over the years, the Japanese auto major has been witnessing a steady rise in sales of Camry Hybrid. While in 2013, the share of hybrid in Camry sales was only 15 percent, within a year it soared to 73 percent and in 2015 it jumped further to 86 percent.
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Auto makers including Maruti Suzuki, Hyundai, General Motors India, Renault, Nissan, Honda, Mercedes-Benz and BWM, had all announced that they would increase prices of their vehicles from this month citing rising input costs.
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The company sold 12,403 units in the domestic market and exported 1,198 units in October 2015, he said.
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Of the total, about 2.7 million are in North America, 1.2 million in Europe, and 600,000 in Japan, the automaker said. It said it was not aware of any crashes caused by the glitch.
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Toyota has fallen behind Volkswagen in the race for the world's biggest automaker title, figures showed on Tuesday, as the German giant outsold its Japanese rival in the first half of the year.
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The company exported 1,448 units of Etios series in May this year. TKM launched all New Camry on April 30 and has sold 107 units this month, registering a growth of 51 percent, when compared to the same period last year. The company received 251 customer orders since launch which is 35 percent of the total Camry sales last year.
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The company, which is present in the Indian market through a joint venture with the Kirloskar Group - Toyota Kirloskar Motor (TKM) - on Thursday introduced an updated hybrid version of the sedan priced at Rs 31.92 lakh. It also launched an updated version of petrol powered Camry priced at Rs 28.80 lakh.
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The company, which is present in India in a joint venture with the Kirloskar group -- Toyota Kirloskar Motor, is celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units.
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"If the rupee continues to slide like this then we may
have to take a price increase from October onwards," Toyota Kirloskar Motor (TKM) Deputy Managing Director and Chief Operating Officer, Marketing and Commercial, Sandeep Singh told reporters.
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Overdrive puts Toyota's second hybrid car, The Camry Hybrid to test. This comes amid a lot of talk whether hybrids need to be incentivised in India.
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Toyota Kirloskar Motor (TKM) reported a 26 per cent decline in sales at 10,352 units during November 2012. It had sold 13,956 units in the same month last year, TKM said in a statement.
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Japanese auto giant Toyota today said it will recall 8,700 units of its premium sedan Corolla Altis and Camry in India to rectify faulty power window switches as part of a global exercise.
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Renault‘s latest Sedan offering the Scala. All this weeks motoring news. The Mercedes-Benz GL350 CDI and all new ML350 CDI battle through non-existing roads to Ladakh:
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After launching the new version of Innova and Fortuner, Toyota has now turned its attention to its big sedan, the Camry. It launched the face-lifted version of its second most selling sedan in an attempt to improve its sales.
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Toyota Motor Corp on Friday posted its largest quarterly operating profit in four years and raised its 2012 global sales target on the strength of demand for cars like the Camry and Prius in key markets such as the United States and Japan.
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Jim Farley led Ford Motor Co's first aggressive push into social media with the launch of the Fiesta subcompact in the U.S. three years ago. But Ford's top marketing executive says the automaker has only just reached the big leagues online.
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Toyota Motor Co showed off its all-new Camry on Tuesday, aiming to recover lost sales momentum with price cuts and a high-powered ad campaign for its flagship sedan that remains America's best-selling car.
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Toyota Motor Corp will roll out the hybrid Prius' big brother this fall in the US market, introducing a roomier version targeted at young families.
