Toyota Kirloskar Motor has sold 10,023 units in the Indian domestic market during May 2013, in comparison to last year’s 15,501 units in the corresponding month of May in 2012. The overall sales of the company have declined by 35 percent.
The company exported 2,479 units of Etios series to South Africa in May 2013. The total sales registered were 12,502 units including exports.
Commenting on the sales in May 2013, Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “The market continues to be sluggish. We have corrected the dealer’s inventory levels and have been able to bring it down to less than 30 days.”
Toyota Kirloskar Motor is a subsidiary of Toyota Motor Corporation of Japan. The Indian wing manufactures and sells Toyota Cars in India. It is one of the major auto makers in India and currently positioned after Maruti, Hyundai, Mahindra and Honda. According to the company’s mission statement, it aims to play an important role in developing the auto industry and creating more employment opportunities.