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Toyota Kirloskar Motor's July sales rise 40% from June
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SME Times News Bureau | 01 Aug, 2020
Automobile manufacturer Toyota Kirloskar Motor reported a 40 per cent
growth in wholesales in the month of July compared to June 2020.
Accordingly,
the company sold a total of 5,386 units in July 2020, from an off-take
of 3,866 units in the first month post unlock in June.
On
year-on-year basis, it had sold a total of 10,423 units in the domestic
market in July 2019 and exported 868 units of the Etios as well.
Commenting
on the month's performance, Naveen Soni, Sr Vice President, Sales &
Service -- TKM said: "Despite various challenges, the month of July
witnessed better sales in terms of both retail and wholesales when
compared to June. The first month post unlock (June) witnessed demand
rekindling and retails being very good due to several factors including
pending customer orders as well as pent up demand accumulated as a
result of the extended lockdown."
"However in July, as a result
of sporadic lockdowns and extensions being imposed in several parts of
the country, led us to a situation wherein our business was closed up to
20 per cent of the market, in and around mid-July. It was due to the
rest of the 80 per cent of our business that has helped us close the
month with a higher than June retails. Similarly, the lockdown called
upon Bangalore also caused us to temporarily shutdown our plant for 4
days last month as a result of which we produced less than the numbers
we had planned."
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Import |
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US Dollar
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| As on 12 Oct, 2024 |
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