Toyota Kirloskar Motor Records Decline Of 27.3% in Sales

October 1, 2021

Toyota recorded a month-on-month (MoM) growth of 14 per cent as it sold 8116 units in August 2021 while its year-to-date (YTD) sales went up by 98 per cent.

Decline of 27.3 Per cent on YoY Basis

Toyota Kirloskar Motor has recorded a sales decline of 27.30 per cent on year-on-year (YoY) basis in September 2021 selling 9,284 units as compared to 12,772 units sold in the same month a year ago. That said, Toyota recorded a month-on-month (MoM) growth of 14 per cent as it sold 8116 units in August 2021 while its year-to-date (YTD) sales went up by 98 per cent in the January - September period at 94,493 units as against 47,743 units in the same period a year ago.

This significant surge in YTD sales is primarily attributed to a low base last year as auto industry recorded nil sales for over two month due to the outbreak of COVID-19 and even after the lockdown sales took a couple of months to restore.

What did Toyota Kirloskar Motor say?

Commenting on the sales, V. Wiseline Sigamani, Associate General Manager(AGM), Sales and Strategic Marketing, TKM said,

Demand in the personal mobility segment continues as we step into the festive months. Customer orders have been on a constant rise and we are witnessing a steady growth, ever since the second wave. The Crysta and the Fortuner continue to dominate their respective segments, both garnering huge customer interests and orders. All other segments have also attracted good traction from customers and we are very excited to cater to all such personal mobility needs of our customer, this upcoming festive season.

Toyota models are set to become expensive from today. The Japanese carmaker announced an imminent price hike earlier this week without specifying the percentage or amount that will be increased. 

The price will vary for different models and variants and the company says that it has tried to keep the hike in check without passing on the entire cost increase burden to the buyers. Toyota Kirloskar Motor has cited rise in input cost as the primary reason of the price hike.

About the author, Sunderdeep Singh

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