In the domestic market, the company reported sales of 5,804 units last month, down 48 per cent from 11,221 units in January 2019, TKM said in a statement.
The company, which had recently launched the BS-VI version of its popular multi-purpose vehicle Innova Crysta, said it will be rolling out diesel variants of other models such as Fortuner by the end of this month or early February.
The petrol and diesel variants of the BS-VI compliant Innova Crysta will be available in both manual as well as automatic transmission options, it added.
Domestic sales stood at 8,312 units as against 10,721 units in the year-ago month, a decline of 22 percent, it added.
Domestic sales were down 6 percent at 11,866 units as compared to 12,606 units in the corresponding month last year, down 6 percent, the company added.
With the transition from BS-IV emission norms to BS-VI due in April 2020, Vikram Kirloskar said vehicle prices will go up further, thereby affecting affordability
Domestic sales in September stood at 12,512 units as against 12,335 units in the same month last year, up 1.43 percent.
The company, which sells the Camry Hybrid in India, has also sought reduction in tax rate on such eco-friendly vehicles.
The country’s largest car maker Maruti Suzuki grew by 7 percent while Hyundai grew by 9 per cent and Tata Motors grew by a scorching 84 percent during last month.
The company had sold 10,312 units in the domestic market in February last year, Toyota Kirloskar Motor (TKM) said in a statement.
"The rising inflation coupled with rising input costs and increasing forex rates have been exerting significant pressure on the bottom line," Mercedes Benz India said in a statement.
A boom in the foundry sector similar to the IT boom of the past decade is expected in the country, Volvo India Managing Director Kamal Bali said today.
The company, which operates in India through a joint venture with Kirloskar group, plans to bring in hybrids and latest technology vehicles in the country as part of its long term strategy.
"Delhi-NCR is the biggest market among other regions of the country. Since sales of Innova and Fortuner have stopped there, there will be considerable impact in overall sales," VP of Toyota Kirloskar Motor Sailesh Shetty told PTI on the sidelines of the launch of Innova Crysta here.
Some of SIAM past presidents in the group include Mahindra & Mahindra Executive Director Pawan Goenka, Toyota Kirloskar Motor Vice-Chairman Vikram Kirloskar and Eicher Motors' Chairman S Sandilya, sources said.
As per sources, the auto industry has formed a core group, comprising of Pawan Goenka (M&M), Kenichi Ayukawa (Maruti Suzuki) and Vikram Kirloskar (Toyota Kirloskar).
The sector is bracing for further bumps ahead in the new year after a roller- coaster ride in 2015 that also saw a record number of vehicle recalls, an unprecedented emission scandal involving German giant Volkswagen and a ban on high-end diesel vehicles in the national capital region
The company also announced the launch of its year-end offers and benefits up to Rs 50,000 and lower interest rate in the range of 6 to 7 percent on different models.
The Japanese automaker has been in India for almost two decades, but has failed to displace rivals Maruti Suzuki and Hyundai Motor, which together control around two-thirds of a market skewed towards cars costing less than $7,000. Now, Toyota aims to buck that trend by focussing on quality over quantity.
The company had sold 13,979 units in the corresponding month of previous year, Toyota Kirloskar Motor (TKM) said in a statement.
The new Innova comes with whole new set of features and is available in a seven and an eight seater options in both Euro III and Euro IV cars.
Automobile sales remained mixed in February. While country's largest passenger car maker Maruti Suzuki and Japanese rival Toyota saw sales slip year-on-year, Mahindra & Mahindra saw continued demand for its utility vehicles. Commercial vehicles sales on the other hand remained sluggish.
State-owned gas utility GAIL India Ltd today commissioned a Rs 4,500 crore pipeline carrying gas from the just operationalised Dabhol LNG terminal into Bengaluru that promises to change the energy landscape of the region.
It was a mixed bag for the auto industry in the last month of 2012 with Mahindra & Mahindra, Ford, Honda Cars and Hero posting growth, while Hyundai Motor, Toyota Kirloskar and TVS saw their domestic sales fall during the month that is usually low-key for the sector.
Toyota Kirloskar Motor's total sales in September declined 5% year-on-year to 12,115 units due to fall in demand for its Etios range of passenger cars.