NEW DELHI: Toyota Kirloskar Motors (TKM) on Thursday launched its new premier sedan Camry, pricing it between Rs. 19.80 lakh and Rs. 21.40 lakh. The company expressed the hope that it would achieve 37 per cent growth in sales with the multi-utility vehicle, Innova, making a substantial contribution.
Having invested Rs. 2,400 crore so far in the Indian market, the company is expecting to achieve a break-even after wiping out accumulated losses this year. It is hoping to end the year 2006 with a net profit.
"We had set a target of six years to reach the break-even point and we are on course to meet that this year,'' TKM Deputy Managing Director K. K. Swami said.
Addressing media persons after the launch of the new offerings, Mr. Swami said TKM was looking at total sales of 56,000 units this year as against over 40,700 units sold in 2005, aiming at a growth of 37 per cent.
Printer friendly page
Send this article to Friends by E-Mail