Toyota reports 1 percent year-on-year growth for October 2021, YTD domestic wholesales up 78 percent
Toyota Kirloskar Motor (TKM) India reported domestic wholesales of 12,440 units for October 2021, up 0.54 per cent from 12,373 units. Domestic sales of MoM are up 34 per cent from 9,284 units recorded in September 2021. Cumulative wholesale sales are up 78 per cent at 1,06,993 units, up from 60,116 units in YTD 2021.
Innova Crysta continues to be at the forefront of its segment, catering to the customer demand through a wide range of variants from the lineup. The company also sells the Toyota Vellfire, which reaffirms the confidence of the customers in the brand. The vehicle as it stands is an exclusive SUV that heralds a new era for the company. This is the company’s most expensive offering in the country.
Toyota India sales October 2021
Apart from the Innova Crysta, Maruti cars such as the Glanza and Urban Cruiser helped propel Toyota India sales in October 2021. Toyota has rebadged the Ciaz as the Belta and the Ertiga as the Rumion for the export market. It remains to be seen when these will be added to the India lineup.
The biggest challenge for the sellers remains the availability of spares in the market which prevents further expansion of the business at present. The situation is being continuously monitored to make necessary and timely adjustments to meet the demand in time. Certain efforts by the company and its dealers to restore the supply and inventory levels have added more vitality to the market.
Automobile market policies are designed to maintain healthy demand as far as possible. Along with these, efforts have been made to ensure smooth transition to the markets for new products. As always, the market has benefited from the launch of new models. Orders have been pouring in in recent weeks, restoring normalcy to demand trends compared to previous months. Recent sales activity has ensured that business is anything but sluggish.
orders are increasing
The small cars segment has witnessed decent growth in demand, which is normal when various factors exist to cater to this segment with a steady demand. The competition is set to be tough as more new models are launched by the companies at competitive price points which give huge amount of returns.
V. Visselin Sigamani, Associate General Manager (AGM) Sales & Strategic Marketing, TKM said, “The market demand has been strong in the last few months and this can be attributed to various factors apart from sluggish demand. Customer orders are also increasing steadily, restoring normalcy in demand trends as compared to pre-covid times.
In the month of October, we have been able to register a growth of 34% as compared to our sales in September 2021. Our cumulative wholesale sales from January to October have also registered a growth of 78%, when compared to sales in the same period last. Year. Our flagship models Innova Crysta and Fortuner dominate their respective segments. Toyota Vellfire has also been performing exceptionally well, reiterating the confidence of the customers in the brand. Glanza and Urban Cruiser are receiving good booking orders and we are working towards quick fulfillment of pending orders in these segments.