Toyota Kirloskar Motor registers 37% decline in April 2013

Toyota Kirloskar Motor (TKM) has registered a 37 per cent sales decline in April 2013. The company sold 9,007 units in the domestic market in April 2013 as compared to 14,378 units in the corresponding month in 2012. It had exported 1,449 units of Etios series to South Africa in April 2013. The total sales for the company were 10,456 units including exports.

Commenting on the sales in April 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “The market continues to be sluggish and is expected to take some time to revive. We have taken measures to reduce inventory, both at our and at the dealers end.”

However, the Japanese auto manufacturer had registered a 7 per cent growth in March 2013, and sold 19,452 units as against 18,220 units sold in the same month in 2012. The market slowdown and the increasing competition is the major reason behind the negative growth of TKM in April 2013.

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