Toyota Kirloskar Motor Sales Down By 17%

Toyota Kirloskar Motor sold a total of 10203 units in the domestic market this month of September 2019. The company exported 708 units of the Etios series this month thus clocking a total of 10911 units. Toyota Kirloskar Motor sold a total of 12512 units in the domestic market in the same period last year. The company exported 566 units of the Etios series in September 2018. 

Commenting on the sales performance,  N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “The consumer sentiment continued to be subdued in September which has reflected in the sales slowdown in the industry. Thanks to the Navratri and Diwali festive sparkle around, we expect the consumer demand will see the much-needed revival resulting in better retails.

To further add to the festive fervor, we have launched the enhanced version of the Yaris-‘The Happenin’ New Yaris’ and Celebratory Edition of Fortuner TRD. Customers are appreciating the new products with more style and distinctive looks. We would like to thank our customers for their trust in Toyota products.

The industry-friendly measures announced by the honorable Finance Minister in September:

-          Corporate rate tax cut from 30% to 22%

-          The MAT rate reduction from 18.5 percent to 15 percent - in order to stabilize the flow of funds into capital markets

-          Liquidity improvement

These have been a welcome structural change, which should give a positive boost to the industry and also uplift the consumer sentiments.

With the Navratra beginning from 29th - 30th September, the customer orders have been slightly encouraging. We hope the pace continues and the sluggishness in sales withers away in the festive season. The industry expects improvement in customer demand in the month of October.”