Toyota sees flat sales in India

Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation. The company, which is present in India through a joint venture with the Kirloskar Group, sold 1,34,149 units of its entire range of vehicles in the country in 2016, registering a decline of 4 per cent over the previous year. “For 2017, our target is to sell similar volumes like 2016 or may be more than 2016 … We are being conservative in our target setting for 2017. We will alter the same considering the demand situation and market pull,” Toyota Kirloskar Motor Director and Senior Vice President (Marketing and Sales) N Raja said. Although overall sales of the company last year were on positive side, but it got affected due to the government’s demonetisation drive, he added.