Toyota forges ahead, Ford goes on the reverse in July

August 1st, 2012 - 6:04 pm ICT by IANS  

Chennai, Aug 1 (IANS) Powered by its utility vehicle models Innova and Fortuner, Japanese-Indian joint venture Toyota Kirloskar Motor clocked seven percent sales growth last month.

In a statement Wednesday, Toyota Kirloskar said it sold 14,574 units last month, up from 13,592 units sold in July 2011.

“We have registered a growth this month based on the strength of Innova and Fortuner sales. The Innova and Fortuner sales continue to grow with the increase in production. There has been a drop in sales of the Etios series, as we exported 1,488 units to South Africa,” Sandeep Singh, deputy managing director (Marketing), was quoted as saying in the statement.

Toyota Kirloskar sold 6,678 Innovas and 1,316 Fortuners last month as against 4,816 Innovas and 1,060 Fortuners sold during July 2011.

The company’s Etios series sold 6,024 units as compared to 6,646 units in the corresponding month last year. Corolla Altis sold 540 units last month.

On the other hand, Ford India, the Indian subsidiary of the US auto major Ford Motor Company, experienced negative sales last month.

Ford India sold 8,323 units (domestic 6,236 units, exports 2,087 units) last month against 10,696 units (domestic 7,504 units, exports 3,192 units) logged during July 2011.

“We believe the difficult market situation will ultimately recede in the long run and are confident of meeting the increased demand for cars in the festive period with our expanded capacity in engines,” said Michael Boneham, president and managing director, Ford India.

– Indo-Asian News Service
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