Toyota Kirloskar Motor (TKM) achieved 21% growth year on year in domestic sales and 22% overall in January 2017. Toyota's Indian operation sold 10,336 units locally and exported 916 Etios series models last month.
Sales and marketing chief N Raja said: "Three months into demonetisation and we can slowly see that the market is reviving with increased footfalls and customer enquiries. In fact, even with demonetisation in effect, we have still managed to record 17% growth in sales in the last three months. This has been possible due to the overwhelming response [to] the new Fortuner and Innova Crysta."
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TKM has two assembly plants in India. The first in Bidadi, which started production in December 1999, has capacity for 100,000 units and builds the Innova and Fortuner.
The second plant, also in Bidadi, started output in December 2010 and has capacity of 210,000 units. It builds the Corolla Altis (sedan), Etios, Etios Liva and Etios Cross plus the Camry and Camry Hybrid.
The Prado, Land Cruiser and Prius models are imported assembled.
