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Business Economy


Toyota Kirloskar Motor clocks 1639 units in May 2020, Resumes production in its plant in Bidadi

Kolkata, May 31 (UNI) Toyota Kirloskar Motor (TKM) on Sunday announced that the
company sold a total of 1639 units in the month of May 2020.
The company had sold a total of 12,138 units in the domestic market in the corresponding
month last year, as well as exported 928 units of the Etios.
Having announced resumption of production in its plant in Bidadi since May 26, TKM has
been catering to the pending orders that the company had received, ever since the
nationwide lockdown was announced. The month of May also witnessed gradual restart of
Toyota dealership in certain parts of the country. By mid-May, almost 60% of Toyota
dealerships were operational. However, this did not comprise of the key metropolitan
markets. As the lockdown relaxed, TKM was able to cater to customers in other markets
as well, a TKM spokesperson here said.
Commenting on the monthly sales, Naveen Soni, Sr. Vice President, Sales & Service,
TKM said, “We are thankful to the Govt. as well as to our supplier and dealer partners
who have enabled us resume production last month. We are conscious of the dealer
business conditions in various parts of the country and we have been prioritizing production
at our end as per dealer requirements, both in terms of quantity as well as the grades that
they require."
"The market has been slow and with demand being less, we have been able to
wholesale only 20% of what we would have clocked under a normal situation. However,
retail sales (sale from dealer to customer) have been much higher when compared to
wholesales (TKM sales to dealers), thereby helping us reduce the month closing
inventory levels at dealerships. We have also seen a significant surge in customer orders
and enquiries online, through digital platforms," Mr Soni added.
UNI BM
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