Toyota Kirloskar sales fell 19 pcs to 9,241 units in November

New Delhi, December 2 () Toyota Kirloskar Motor (TKM) reported on Monday an 18.86 percent decrease in total sales for November 2019 by 9,241 units.

The company had sold 11,390 units in the same month last year, TKM said in a statement.

Domestic sales stood at 8,312 units compared to 10,721 units in the month of the previous year, a decrease of 22 percent, he added.

The company has been correcting the pipeline to liquidate stocks in December and work towards a smooth transition to BS VI, TKM said.

However, exports increased 38.86 percent to 929 units in November compared to 669 units in the same month last year.

We have consciously lowered the volume of vehicles sold to dealers to ensure a reduced inventory/avoid high market offers, we are adjusting our production to ensure we do not put any excessive load on our dealers before the change to BS-VI in April 2020, TKM Deputy Managing Director N Raja said.

In addition, he said that positive feelings in the market have continued until November 2019, which has been reflected in the increase in customer orders in all models.

The increase in customer orders for all models has been maintained last month even after the end of the holiday season. Customers are aware of the price increase of the model year in January and the significant increase in diesel vehicle prices by 15-20 percent after the BS-VI transition, he added.

This pre-purchase attraction of BS-IV vehicles has helped us boost retail sales and also allow a successful exit of products before switching to BS-VI, Raja said, adding that TKM is also readjusting its plan for production to match the supply to the highest customer demand. On the short-term outlook, Raja said: We expect this pace in retail sales to continue until the end of the year. RKL ANU