Toyota sets sales target of 6 lakh cars by 2015

Toyota has set itself a target of selling 6,00,000 cars in India by 2015, which will be 15% of the domestic passenger car market. This was announced by A Toyoshima, MD of Toyota Kirloskar Motors , today.

"We are optimistic about the future of the Indian car market. Our aim is to achieve 15% share by 2015," Toyoshima said while speaking to reporters after a function organised to felicitate Lucas-TVS for winning the Deming prize for 2004.

Toyoshima said Toyota, which has Camry, Corolla and the recently launched Innova models in India, currently sells about 50,000 cars a year constituting 5% of the domestic car market.

"The aim is to sell 2,00,000 cars by 2,010 and increase it to 6,00,000 cars by 2015," he added.

Toyoshima said the company was confident that the Indian car market would grow to two million units by 2,010 before touching four million cars by 2,015.

"Currently, our share (in the domestic car market) is very low," he said, and pointed out that only a small number of people could afford to buy cars now. "But we are optimistic," Toyoshima said.