Toyota Kirloskar Motor (TKM) boosted domestic sales year on year in December 2014 to 11,740 units while a top executive hinted there would be price rises should excise duty concessions be cut.
The company also exported 1,888 Etios cars last month.
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Total sales in all markets tose 8% to 13,628.
Sales and marketing chief N Raja, asked to comment on local reports current excise duty concessions would be cut, said: “We will study the market reaction and announce the price revision of our products accordingly. We would have expected the government to continue the excise duty concessions as this was supporting the revival of the auto industry after a rather sluggish two years. We hope that the government would give deeper consideration for the next fiscal budget on structural reforms for the auto sector which is an important part of the ‘Make in India’ campaign.”
