Toyota Kirloskar Motor Sales Dip due to Plant Shutdown

Toyota Kirloskar Motor (TKM) sold 10,352 units in November 2012 as compared to 13,956 units in the corresponding month last year. The sales dipped by 26% when compared to November sales last year. Innova registered a 9% growth with 4,682 units being sold as compared to 4,308 units sold in November last year. Fortuner registered a 19% growth with 1,025 units sold as compared to 860 units in the corresponding month last year. The Etios series sold 4,231 units as compared to 8,271 units in Novemebr last year. Corolla Altis and Camry sold 362 and 46 units respectively in November.

Commenting on the sales performance Mr. Sandeep Singh, Deputy Managing Director, Marketing “The sales have dropped this month due to a plant shut down, to ramp up the annual production capacity from 2,10,000 units to 3,10,00 units, for the next calendar year. The first plant manufacturing Innova and Fortuner was shut down for a week and the second plant manufacturing Etios, Etios Liva and Camry was shut down for a period of 15 days. The market is yet to pick up pace. We hope to see growth next month due to the year ending sales. The market is expected to grow in the first quarter of next year.”