New Delhi - Indian units of Toyota Motor Corp. expects local sales of their cars almost flat this year on slower sales in the first six months, a senior manager said Monday.
Toyota Kirloskar Motor Pvt. Ltd. Director Hiroshi Nakagawa, said the company expects to sell 52,000 cars this year, compared with 51,800 units in 2008.
Sales in the second half of this year will be better than the first six months due to an increased demand for multipurpose vehicle Innova, Mr. Nakagawa said at the launch of Fortune utility vehicles, sport Toyota in India.
He did not give sales figures for the first half.
Car sales in India in general increase in the period from October to December, due to various festivals, is considered promising for the purchase of the property. This year the festival will be held in late September.
Indian car market is also receiving the higher costs of debt and the reluctance of banks to lend curly demand last year. The interest rate is now less than a year ago, while the federal government stimulus package including tax cuts also helped the industry.
Fortunately, with "3 ,0-diesel engine, is priced at 1.85 million rupees (38,129 dollars) in showrooms in New Delhi. Model will be manufactured in India.
Innova Toyota Kirloskar produced today - the best sample sales - ul Corolla sedan in India. In addition, imports and the Camry sedan, sport utility vehicles and Land Cruiser Prado.
Longer term, the market expected the presence of small cars, Toyota plans to raise its market share in India, where car manufacturers such as Suzuki Motor Corp. routes, General Motors Co. and Hyundai Motor Co.
The small vehicles constitute 73% of 1.22 million vehicles sold in India during the last financial year ended 31 March
Toyota Kirloskar, 89% owned by Toyota Motor and other Indian Kirloskar group, to establish a second production plant in the southern city of Bangalore for the production of models of small cars.
Initially planned to invest 32 billion rupees in this plant, but the unity of India deputy general manager, Sandeep Singh said that today's investment could be lower.
"As we move forward, we will achieve operational efficiencies as well as large purchases of machinery in the local market, which will help reduce the investment measures," Singh said.
Toyota Kirloskar Motor Pvt. Ltd. Director Hiroshi Nakagawa, said the company expects to sell 52,000 cars this year, compared with 51,800 units in 2008.
Sales in the second half of this year will be better than the first six months due to an increased demand for multipurpose vehicle Innova, Mr. Nakagawa said at the launch of Fortune utility vehicles, sport Toyota in India.
He did not give sales figures for the first half.
Car sales in India in general increase in the period from October to December, due to various festivals, is considered promising for the purchase of the property. This year the festival will be held in late September.
Indian car market is also receiving the higher costs of debt and the reluctance of banks to lend curly demand last year. The interest rate is now less than a year ago, while the federal government stimulus package including tax cuts also helped the industry.
Fortunately, with "3 ,0-diesel engine, is priced at 1.85 million rupees (38,129 dollars) in showrooms in New Delhi. Model will be manufactured in India.
Innova Toyota Kirloskar produced today - the best sample sales - ul Corolla sedan in India. In addition, imports and the Camry sedan, sport utility vehicles and Land Cruiser Prado.
Longer term, the market expected the presence of small cars, Toyota plans to raise its market share in India, where car manufacturers such as Suzuki Motor Corp. routes, General Motors Co. and Hyundai Motor Co.
The small vehicles constitute 73% of 1.22 million vehicles sold in India during the last financial year ended 31 March
Toyota Kirloskar, 89% owned by Toyota Motor and other Indian Kirloskar group, to establish a second production plant in the southern city of Bangalore for the production of models of small cars.
Initially planned to invest 32 billion rupees in this plant, but the unity of India deputy general manager, Sandeep Singh said that today's investment could be lower.
"As we move forward, we will achieve operational efficiencies as well as large purchases of machinery in the local market, which will help reduce the investment measures," Singh said.
