With the automotive sales zooming, the aftermarket sector is witnessing a boom. The Indian automotive aftermarket , which has grown at a compounded annual growth rate (CAGR) of 14 per cent in the last five years, is estimated to grow at Rs 75,000 crore by the fiscal year 2020, stated a CII report.

The company sold 15,538 units between January and December 2018; crossing thew 15,000 mark for the second consecutive year.

Jaguar Land Rover sold 4,596 units and the growth was largely driven by Discovery Sport, Range Rover Evoque, Jaguar F-Pace, Jaguar XE and Jaguar XF.

The company is confident of capturing a larger pie of the domestic market in 2019 by building on the already strong foundation it has laid in 2018.

SUVs are assuming a new meaning in India. The passenger vehicle segment of SUVs grew by 30 per cent in FY2016-17.

OEMs are working on manufacturing vehicles that are light in weight, thus consuming less fuel. For example, a 10 per cent reduction in weight can result in 6-8 per cent fuel economy improvement.

There is a nationwide upscale in emission norms while the industry gradually moves from BS-4 to BS-6 by April 2020.

The company considered the price hike after periodically reviewing the continuous pressure of increasing manufacturing costs, which is also a general industry phenomenon.

As part of its skill development programme, Toyota Kirloskar Motor aims to achieve high skill levels for development of core employability and for promoting technology that meets the demands of various industries globally.