Toyota Kirloskar registers poor sales figure in May
DSIJ Intelligence / 02 Jun 2017
On Thursday, Toyota Kirloskar Motor posted a decrease in their total sales by 9.29 per cent at 12,339 units in the month of May as compared to the total sales of 13,604 units in the same period of the last year.
On Thursday, Toyota Kirloskar Motor posted a decrease in their total sales by 9.29 per cent at 12,339 units in the month of May as compared to the total sales of 13,604 units in the same period of the last year.
The company’s total domestic sales dipped by 13.48 per cent to 10,914 units in comparison of the corresponding period of the last year.
In the month of May 2017, the company's export of the Etios series increased by about 43.94 per cent to 1,425 units as compared to 990 units reported in the last year's same month.
Based on the performance, N Raja, Director & Sr. Vice President, Sales & Marketing of Toyota Kirloskar Motor said “Ambiguity surrounding the proposed GST structure made customers postpone vehicle purchasing plans. We expect this impact to magnify in June 2017 until the customers have a clear understanding of the final pricing post the GST rollout”.
The company expects that the government should review the proposed tax for greener vehicles to achieve cleaner mobility solution.
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