Toyota Kirloskar Motor sells 3866 units in June 2020
News Desk, News Nation 360: With the gradual unlock being announced in May 2020 in several parts of the country, the company restarted its factory operations in Bidadi and subsequently started catering to the pending customer orders that had accumulated over the past few months. With lockdown regulations being relaxed in several parts of the country and with demand picking up in the market, Toyota dealers were able to mostly sell vehicles to customers from their held inventory in May 2020 thereby ensuring a lean inventory at the dealership by end of May. TKM announced that the company sold a total of 3866 units in the month of June 2020, thereby more than doubling its wholesales when compared to May 2020 (1639 units in May 2020). The company had sold a total of 10,603 units in the domestic market in June 2019 and had exported 804 units of the Etios as well. Naveen Soni, Sr. Vice President, Sales & Service, TKM, told with demand gradually coming back in the market and with strong support from their dealer partners as well as the hard work of their SBUs (Strategic Business Units), they have been able to keep up with customer expectations. Thanks to their special financing offer and buy-back offers which has also helped bring customers back to dealerships. Theirs retails (sales from dealers to customers) is nearly double of wholesales (sales from TKM to dealers) the second month in a row thereby bringing down their dealers inventory carrying cost by more than 50% over the past two months. They are also seeing a visible growth in online enquiries as well as bookings.
Report: Anustup Kundu