Toyota Kirloskar Motor sells 13,081 units in August 2017
Bangalore, September 4, 2017 – Toyota Kirloskar Motor sold a total of 12017 units in the domestic market. The company exported 1064 units of the Etios series this month thus clocking a total of 13,081 units. TKM had sold 12,801 units in the domestic market and exported 1244 units of the Etios series in August 2016.
TKM haswitnessed 40-50% jump in customer orders this month post the announcement onpotential cess hike. Enquiries continue to be significantly high,however, due to production constraints the company has not been able to caterto the enhanced demand.
Commentingon the monthly sales, Mr. N. Raja, Director & Sr. Vice President,Sales & Marketing, Toyota Kirloskar Motor said, “Our sales numbersthis month are not truly reflective of the existing customerorders. Post the announcement on potential cess hike, there was aconsiderable rise in customer enquiries and orders. Yet we had productionlimitations which held us back from catching up with the highdemand. Due to holidays in August, we further had the constraint oflesser number of production days. With the demand on the rise, the currentwaiting period for Innova has gone up to around 6-8 weeks and Fortuner isaround 10-12 weeks respectively. We sincerely express our regret to thecustomers for the waiting period. We would like to thank our customers fortheir patience, we assure them that we are trying our best to bring down thewaiting period and meet their needs at the earliest possible.
Catering tocustomer demands, inventory at our plant and dealership have considerablyreduced as of August end.
New Fortunerand Innova Crysta continue to stand strong as segment leaders after a year ofits launch. We are thankful to our loyal customers who have highly appreciatedthe products and continue to come back to us.
We lookforward to the festive season with cautious optimism because though thefestivities may bring cheer to the market however the looming threat of cesshike may lead to increased prices of our products which definitely would havean impact on the demand.
The customerdemand for our strong hybrid product Camry Hybrid has fallen significantlyowing to the price hike as per applicable tax under GST framework. We hope theGovernment would reinstate the preferential (lower) tax rate in favor of cleanand green technologies such as strong hybrids similar to pre GST era. This willgreatly help improve the economic viability and hence aid the consumer inchoosing this advance technology over petrol/diesel vehicles.” Added Mr Raja