Toyota car sales plunge 24% in India in August
Bengaluru: Toyota Kirloskar Motor (TKM) here on Sunday reported a 24 per cent annual decline in car sales for August to 10,701 vehicles from 14,100 during the year-ago month due to economic slowdown.
“The consumer sentiment was muted in August as customers deferred purchasing. Floods across some states also hurt the demand, while unfavourable exchange rate didn’t help our cost,” TKM deputy managing director N. Raja said in a statement.
Export of its sedan Etios, however, grew 75 per cent to 843 units in the month under review from 481 units a year ago. “We sold 11,544 cars, including export, in August against 14,581 a year ago, registering 21 per cent overall annual decline,” said Raja. “Sale of Glanza vehicles have shown a positive momentum despite the slowdown in the industry impacting our domestic growth,” said Raja. (IANS)
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