Toyota says January China auto sales up 23.5% year-on-year
- Malaysia Airlines plane with 5 Indians onboard missing, presumed crashed off Vietnam coast
- Yeddyurappa among 52 Bharatiya Janata Party candidates for Lok Sabha polls
- No compromise with live-ins or gay rights, moral values supreme: RSS
- In Mumbai, new warship system malfunctions, Navy officer killed
- RSP quits LDF, to go alone in Lok Sabha elections
Toyota Motor Corp and its China joint ventures sold 72,500 cars in the country in January, up 23.5 percent from a year earlier, the Japanese automaker said on Friday.
That shows an improvement from December when sales declined 15.9 percent and the first year-on-year growth since June last year.
Japanese car makers saw their China sales drop sharply after violent anti-Japan protests erupted across the country in September after Japan nationalised disputed islands in the East China Sea. China also claims the islands as its own territory.
Japanese car makers, including Nissan Motor Co and Honda Motor Co, have seen a slow recovery of sales in the country since October.
While sales of Japanese brands have been recovering, it would be difficult for them to regain their number one position from German rivals as long as the diplomatic dispute remains unresolved, industry observers say.
Toyota, which operates car ventures in China with FAW Group and Guangzhou Automobile Group Co , aims to sell 900,000 cars in the country this year, up 7.1 percent from a year earlier.
- Chai pe Charcha gets police protection, EC officials to check on poll norm violation
- Complaint against Kejriwal: Kutch cops gather evidence
- AAP chief to hold first public meeting in Gujarat today
- Nominations for North Bangalore primary begin
- ‘Our campaigning in the state will be out of the box’
- ‘Aai Retire Hotey’ to take the stage for 100th time today