Clocks over 6% growth in wholesales in the last quarter of 2020, as customer orders and retail sales surge in the midst of new launches from Toyota
01 Jan 2021 | 3183 Views | By Autocar Pro News Desk
Toyota Kirloskar Motor says it has sold a total of 7,487 units in December 2020, thereby clocking year-on-year growth of 14% (December 2019: 6,544). TKM also registered a 6% growth in wholesales in the last quarter of 2020 when compared to the wholesales clocked in the corresponding period last year.
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Toyota Kirloskar Motor says it has sold a total of 7,487 units in December 2020, thereby clocking year-on-year growth of 14% (December 2019: 6,544). TKM also registered a 6% growth in wholesales in the last quarter of 2020 when compared to the wholesales clocked in the corresponding period last year.
Commenting on the sales performance, Naveen Soni, senior VP, TKM said, “As we wrap up the year, we are happy to have registered a 14% growth in wholesales in December 2020. We have also managed to retain more than 6% growth in wholesales in the last quarter of calendar year 2020, when compared to the last quarter of 2019. This has been possible due to our customers’ faith in the brand, as customer orders have been rising significantly and retail sales (dealer’s sale to customers) have also been very encouraging which gives us the confidence to embark upon a new target as we welcome 2021.”
“December witnessed a few adjustments in terms of production, due to new model launches as well as year model changes. This also included our efforts to exhaust the existing stock of the current-generation Fortuner so that we can begin production of the new Fortuner at our plant in Bidadi and is slated to be launched in India next week. The new Innova Crysta has also received a very good response from the market and we are looking forward to delighting our anticipating customers with the new generation of the Toyota Fortuner.”
“The year 2020 has been one with several challenges as well as significant learnings and the entire sector has emerged stronger with greater focus on localisation and digitalisation. Such learnings have not only taught us to adapt to the challenging & dynamic situations surrounding us but to evolve as well. At TKM, we strongly believe that the current economic revival is likely to help sustain the sales momentum in 2021 and we are hopeful that 2021 will see a V-shaped recovery of the economy thereby helping the industry to bounce back,” concluded Soni.