This is also the third consecutive month that Toyota sales report has depicted a drop in y-o-y numbers. The trend is dominating the entire auto industry.
Another month goes by and car sales still seem to be in an all-time low. Toyota Kirloskar Motors announced its sales report for the month of June and yet again, the company has recorded a drop in sales for the third consecutive month. This has been the general trend in the automotive market for the past few months and other manufacturers too recorded a drop in year-on-year sales.
Toyota Kirloskar Motors sold a total of 10,603 units in the domestic market. That is a 19% decline in domestic sales from what was sold in the corresponding month of last year. Toyota exported 762 units of the Etios series this month, thus bringing the company’s total sales to 11365 units of vehicles. In June 2018, Toyota had sold a total of 14,102 units of vehicles, thus the overall decline in sales standing at 19%.
Commenting on the sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “The Industry has been witnessing a continuous decline in domestic sales owing to several factors that have contributed to the weak consumer sentiment. The prevailing economic uncertainty, uncertainty on monsoons, high interest costs, tight liquidity and also the underlying apprehensions surrounding BS VI introduction in few months have steered the slowdown.”
Toyota has also revealed its half yearly sales statistics for January to June, 2019. As per the sales report, Toyota had sold 68,652 units of vehicles in the domestic market and that does not include the exports. Compared to last year, Toyota had sold 75,992 units of vehicles for the same period. Toyota’s half yearly domestic sales too has recorded a 10% decline.
Meanwhile, its been some time Toyota launched the new Glanza. This is Toyota’s first product in the premium hatchback segment and they have priced it very competitively, right in the middle of the competition. The Glanza is already seeing a waiting period of over two months and considering Toyota’s after sales services and warranty programmes, the Glanza might as well bring some good fortune to Toyota.