INDIA: Toyota Kirloskar Motor forecasts growth of 6-7% during 2014
For 2014, Toyota Kirloskar Motor (TKM) expects to record growth of 6-7%.
According to Press Trust of India, TKM director and VP N Raja said: "The positive feeling is back. But growth will be only in single digits. Footfalls have improved at our showrooms. The customer confidence is slowly coming back. We are waiting for the festive season, starting from Onam, Navarathri and Deepavali."
Meanwhile, the company does not intend to expand plant production capacity as the current capacity is comfortably meeting existing demand.