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Toyota reaffirms dominance as world's top-selling car-seller in 2015

India TV Business Desk 27 Jan 2016, 17:10:17 IST
India TV Business Desk

Tokyo: Japanese automaker Toyota Motor Corp has emerged as the top global car-seller for the fourth year in a row, beating Volkswagen and General Motors in the fray. Toyota sold over 10 million units worldwide in 2015, the company said on Wednesday.

The Japanese carmaker sold 10,151,000 units last year, including sales of its subsidiaries of Daihatsu Motor Co. and Hino Motors Ltd. Toyota's two major rivals -- Volkswagen and General Motors -- failed to reach the 10 million-unit threshold.

Toyota's total sales for 2015 marked a 0.8 per cent decline from the previous year, but robust demand overseas, such as in Northern America, helped its global sales boom, while domestic performance was weak relatively.

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The Japanese company has aimed to sell 10,114,000 units worldwide, according to the report.

Meanwhile, the automaker is reportedly eyeing possible cooperation with another Japanese carmaker Suzuki Motor Corp. to meet increasing demand for compact cars in emerging markets such as India.

The two companies are exploring the possibility of joining hands in safe driving technology and eco-friendly cars, with cross-shareholdings an option, Japan's Kyodo News reported on Wednesday citing unnamed sources.

The tie-up would help Toyota boost its market share in India, said the report, but added that the two have said in separate statements that they were not discussing a potential partnership.

(With IANS inputs)