Toyota India car sales dip 22 percent in November
Japanese car maker's joint venture Toyota Kirloskar Motor (TKM) on Monday said it sold 8,312 units in November, registering a 22 per cent annual decline from 10,721 units in the same month a year ago in the domestic market.
"Exports, however, grew 39 per cent annually to 929 units of Etios model last month from 669 units in the like month a year ago," said the city-based company in a statement here.
As a result, total sales for the month under review declined 19 per cent year-on-year to 9,241 units from 11,390 units in November 2018.
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"We have lowered the volume of vehicles to dealers to have lean inventory and adjusted production to ensure we do not burden them before the shift to BS 6 in April 2020," said TKM deputy Managing Director N. Raja in the statement.
During the festive month of October, the company's domestic sales declined 6 per cent annually to 11,866 units as against 12,606 units in the same month a year ago as demand spiked during the Dassehra, Danteras and Diwali festivals.
"We are correcting inventory levels to liquidate stocks by December and make a smooth transition to Bharat Standard (BS)-6," Raja added.