Toyota Kirloskar Motor sold a total of 10721 units in the domestic market in November 2018. The company exported 669 units of the Etios series this month thus clocking a total of 11,390 units. In the month of November 2017, Toyota Kirloskar Motor sold a total of 12734 units in the domestic market. In addition, the company exported 686 units of the Etios series.
Commenting on the monthly sales, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said,
Fluctuating exchange rates, rising fuel costs and high interest rates have impacted the consumer sentiment in auto industry. Consumer demand has witnessed a downward trend over the festive period as compared to same period last year. We are trying to maintain lean inventory at dealership to avoid stock pileup. Festive season has not been able to usual spur in customer demand.
With the new year around the corner, we hope there will be a positive momentum in the buying sentiments ensuring growth in year-end sales. We would like to extend our gratitude to our loyal customers who have been appreciating our products time and again.
Toyota is considering a price increase of upto 4% across models with effect from 1st Jan 2019 owing to continued pressure of high manufacturing costs.
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