New Delhi: Toyota Kirloskar Motor (TKM) reported on Sunday a 86.49 per cent decline in domestic vehicle sales at 1,639 units in May. The company had sold 12,138 units in May 2019, TKM said in a statement.
Naveen Soni, Senior Vice President, Sales & Service, TKM said, “We are conscious of the dealer business conditions in various parts of the country and we have been prioritising production at our end as per dealer requirements, both in terms of quantity as well as the grades that they require.”
“However, retail sales have been much higher when compared to wholesales, thereby helping us reduce the month closing inventory levels at dealerships,” Soni added.
The mark has been slow and with demand being less, the company has been able to wholesale only 20 per cent of what it would have clocked under a normal situation, he further added. “There has also been a significant surge in customer orders and enquiries online, through digital platforms.”
The company has started operations in more than 300 company sales outlets across the country.