Thursday, September 24, 2020

Toyota Kirloskar Motor sells 5386 units in the month of July 2020

Must read

SAREGAMA Gujarati – New Song Release

Gujarat, September 24, 2020. Popular Gujarati singer Rakesh Barot has just launched his new  original Gujarati song Kona Re...

Amazon Prime Video piques curiosity with the new dialogue promo Telugu suspense thriller — Nishabdham

Mumbai, September 23, 2020. After releasing the gripping trailer of the R Madhavan and Anushka Shetty-starrer Nishabdham, Amazon Prime...

ShortsTV Partners with Asia’s Largest Content Fest, India Film Project

Mumbai, September 22, 2020. ShortsTV, the world's first and only 24/7 linear TV channel dedicated to short films, has...

Amazon Prime Video unveils the trailer of Telugu suspense thriller

Creating buzz with the unveiling of the film’s motion poster, Amazon Prime Video today released the trailer of Anushka Shetty and R...

Bangalore,August 1st 2020.

Toyota Kirloskar Motor today announced that the company sold a total of 5386 units in the month of July 2020, thereby registering a 40% growth in wholesales when compared to June 2020. The company had clocked a total of 3866 units in the first month post unlock in June. For reference, the company had sold a total of 10,423 units in the domestic market in July 2019 and had exported 868 units of the Etios as well.

Commenting on the month’s performance, Mr. Naveen Soni, Sr. Vice President, Sales & Service- TKM said, “Despite various challenges, the month of July witnessed better sales in terms of both retail and wholesales when compared to June. The first month post unlock (June) witnessed demand rekindling and retails being very good due to several factors including  pending customer orders as well as pent up demand accumulated as a result of the extended lockdown. However in July, as a result of sporadic lockdowns & extensions being imposed in several parts of the country, lead us to a situation wherein our business was closed upto 20% of the market, in and around mid-July. It was due to the rest of the 80% of our business that has helped us close the month with a higher than June retails. Similarly, the lockdown called upon Bangalore also caused us to temporarily shutdown our plant for 4 days last month as a result of which we produced less than the numbers we had planned. At TKM, we fully understand and appreciate the balancing act by the Government in addressing health threats and we will continue to adhere to the guidelines issued by the authorities. However, timely and clear instructions will help industrial units, better plan their production cycles and logistics including workforce and raw material movement”.

The company also announced its foray into the very dynamic compact SUV segment this festive season along with its upcoming compact SUV. As customers have more to look forward to, from the brand, TKM has further ramped up production at its factory in Bidadi, Karnataka.

“We intend to catch up on both retails and wholesales beginning the festive month of August. Moreover, we are very excited to announce our foray into the very dynamic compact SUV segment this festive season. We are aware of the expectations our customers have from the brand and fulfilling their expectations and catering to their mobility needs has always been our most important objective”, he concluded.

More articles

Latest article

India’s Largest Online Business News Destination ‘The Economic Times’

New Delhi, September 24, 2020. India’s largest and most respected online business news platform, The Economic Times now in...

Samarthanam Trust announces cash relief for India’s blind cricketers

Mumbai, 24th September 2020. In extreme times like now, dealing in kind has its limits but kindness doesn’t. Recognizing...

BFSI experts on Covid-19

Mumbai, September 24, 2020. COVID-19 has already cost over USD 11 trillion compared to USD 3 trillion for World...

Acer India Signs Sonu Sood as Brand Ambassador

Mumbai, 24th September 2020. Acer India, the leading PC brand, today announced, Bollywood’s well-known actor Sonu Sood as its brand...

Herbalife Nutrition partners with Sambhav Foundation to launch ‘Build it Better’ for women & children

Mumbai, September 24, 2020. Herbalife Nutrition, the global nutrition powerhouse, today announced its association with Sambhav Foundation to support the “Build...
Live Updates COVID-19 CASES