On Tuesday, Toyota Kirloskar Motor reported a rise of 2.4 percent in sales to 8,508 units in November. The Japanese automaker sold 8,312 units last year in November.
Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan with Kirloskar Group, for the manufacture and sales of Toyota cars in India.
Senior Vice President Sales and Service, Naveen Soni in a statement, said, “The company has been witnessing a gradual yet steady recovery owing to factors such as pent up and festive season demand as well as the consolidation of the market at the lower end due to increasing preference for personal mobility amongst customers.”
Additionally, he said, various lucrative offers are in the pipeline with multiple financial schemes which will help the company to maintain momentum. As a result, it will help in achieving growth over wholesales comparatively to the preceding year.
Soni said, in the festive season, the demand and the sales have fared well. There was an increase to 10-13 percent in customer orders. Moreover, a 12 percent surge was witnessed in retail sales against the festive period of 2019.
He stated, “However, owing to the illegal strike called upon by the members of TKM union, the company was forced to declare a lockout at the factory which has impacted our production and wholesale numbers.”
He reiterated; the automakers were able to fulfil the market demand with the steady stock at both ends; the factory as well as the dealers.
He concluded, “We are trying our best to ensure that customer orders are prioritized by channelizing the available resources.”
