Toyota India sold a total of 12138 units in the domestic market and exported 928 units of the Etios series in the same period thus clocking a total of 13066 units. In the corresponding period last year, the Japanese automaker sold 13113 units in the domestic market thus leading to a month on month growth of -7 per cent. In May 2018, the company exported 827 units of the Etios series this month thus clocking a total of 13940 units.
Commenting on the sales numbers, N Raja, deputy managing director, Toyota Kirloskar Motor said, “The customer demand had witnessed a continued slowdown before the election results. Customers have been cautiously spending which has led to sluggishness in the domestic auto sales. Added factors like liquidity tightening, high insurance costs, and increase in fuel costs have also weakened the retails. However, with the formation of a stable Government now at Centre, there is an increase in customer walk-ins post the election results announcement which would brighten the sales in upcoming months,” he added.
The automaker will be launching the Maruti Baleno based Glanza hatchback on 6 June and looks to be quite upbeat about the vehicles arrival. “We are excited about the upcoming launch of Toyota Glanza on June 6th, it would mark our entry into the premium hatchback segment to cater to the growing demands of our existing and prospective customers. We are confident Glanza backed by Toyota’s unique sales and service efficiency will create a new benchmark in the industry in customer delight,” Raja commented.