Mitsubishi Motors Corporation has forecast continued growth in sales and income for the coming financial year after booking a 15% increase in net sales to JPY2.09 trillion (US$20.4bn) for fiscal 2013/2014.

Operating income for the year to 31 March, 2014 rose JPY56bn to JPY123.4bn with global sales rising 6% or 60,000 units to 1.047m.

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Sales in Japan rose 7% to 143,000 units and 14% to 97,000 in North America. Volume in Europe was up 11% to 202,000 boosted by the launch of the Outlander plug-in hybrid.

However, sales in Asia fell 4% to 344,000. MMC noted growth in China, Indonesia and the Philippines wasn’t enough to offset a slump in Thailand.

MMC is forecasting sales in fiscal 2014/2015 will grow 10% to JPY2.3 trillion with unit sales increasing 13% to 1.18m.

The biggest growth is expected in Asia (excluding Japan) where MMC forecast a 25% jump to 431,000 units.

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