The Indian subsidiary of Japan based leading car maker Toyota Motors on Tuesday posted a sales growth of 54.18 percent to 6050 units in the month of May 2010. The Company had managed to sell 3,924 units of its cars in India in May 2009.
Mr Sandeep Singh, TKM Deputy Managing Director (Marketing), said in a statement that company is happy with the consistent growth in sales that it has been registering, especially as the Innova, Corolla and Fortuner maintain market leadership in their respective segments.
Toyota is all set to make a debut in the small car segment in India with launching its compact hatchback Toyota Etios in the country by the end of this year. The Etios model is currently under construction at company's facility in Bangalore, from where the first lot of brand new Etios models will be rolled-out. The Etios will possibly be launched in the price range of Rs 4 to 5 lakh, where it will compete with popular cars of this segment including Maruti Wagon R, Chevrolet Beat, Volkswagen Polo, Ford Figo and Hyundai i10.
Source:- Toyota India sales jumped over 54% in May 2010 - New Cars
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