Toyota Kirloskar sales fall 5% in October to 12,610 units

NEW DELHI: Toyota Kirloskar Motor (TKM) reported on Friday a 5 percent decrease in total sales of 12,610 units in October. The company had published total sales of 13,245 units in the same month, TKM said in a statement.

Domestic sales fell 6 percent to 11,866 units compared to 12,606 units in the corresponding month last year, 6 percent, the company added.

Exports during the month stood at 744 units compared to 639 units, a growth of 16.43 percent, he said.

Commenting on sales performance, TKM Deputy Managing Director N Raja said that customer demand witnessed an increase in the holiday season, especially during Dhanteras and Diwali.

The increase in customer sentiments has allowed an upward trend in our sales performance compared to the last months of deceleration. It was quite encouraging to see the remarkable improvement in customer orders because of the holiday season, he added.

There were greater retail conversions for Innova, Fortuner TRD Celebratory edition and 'Happenin New Yaris' that were introduced to add to the festive fervor, Raja said.

He also said: We have also seen a positive boost in Glanza sales throughout India during the holiday season, this was a positive boost for us.

The company has sold about 14,000 units of Glanza since its launch in June, Raja added.

On the outlook, he said, with the positive sales pattern, we are preparing our production system to meet the sustained demand of customers for next month.

TKM's production is based on an extraction system that ensures distributors receive stock only when they need to restore inventory, Raja said.