Toyota India registers YoY growth in domestic wholesale sales in September 2021, MoM sales decline
Toyota Kirloskar Motor announced a total wholesale sales of 9,284 units in September 2021, registering a growth of 14.39 per cent. Domestic sales in September 2020 are estimated at 8,116 units. Volume gain stood at 1,168 units. MoM sales declined to 27.31 per cent from 12,772 units. The volume decline stood at 3,488 units.
The cumulative wholesale sales of TKM from January to September 2021 is 94,493 units, which is higher than the 47,743 units sold in the same 3 quarters in 2021. This comes on the back of weak sales for two-thirds of the period under consideration due to the Covid-19 pandemic. impact on production and sales
The sales growth for this period has been recorded at 98 per cent. As the new month of sale starts from today, customers will have to pay a higher price. This comes after the price hike announced earlier in the week. The decision has been taken to correct some of the impacts borne by the manufacturers on account of continuous increase in input cost.
Toyota maruti car sales
Maruti Suzuki, the largest manufacturer in the domestic markets, finds itself seriously affected. In September 2021, the company sold 2.4k units to Toyota India, down from 2,568 units YoY. Toyota recently announced that it has stopped selling its Yaris hatch.
V. Visselin Sigamani, Associate General Manager (AGM), Sales & Strategic Marketing, TKM said, “The demand in the personal mobility segment continues to grow as we move into the festive months. Customer orders continue to grow and we are seeing steady growth since the second wave.
Crysta and Fortuner continue to dominate their respective segments, both garnering huge customer interest and orders. All other segments have also attracted good traction from customers and we are very excited to meet all such personal mobility needs of our customers in this upcoming festive season.”
lack of chips/parts
A closer look at the personal mobility segments reveals little about the behavior of the market. With buying cars that help customers last for a few years, they are decisions made to last that period. Preference for private vehicles remains strong following the effects of the COVID-19 pandemic. However, the lack of existing chips/parts is troubling the manufacturers.
Over the years, Toyota’s large UV has been very well received by customers, ensuring its continued traction in overall domestic sales. TKM expects this trend to continue as the festive season approaches, with people looking for more convenient commuting solutions. But it cannot be denied that there is a real and current shortage of parts/chips that lurk.