Japanese car maker's sales drop by 26 per cent due to plant production facility ramp up
Toyota Kirloskar Motor sales dropped by 26 per cent in November 2012, with 10,352 units sold compared to 13,956 units sold in November 2011. However, the Innova recorded a nine per cent growth with 4,682 units sold, and the Fortuner registered a 19 per cent growth with 1,025 units sold. Sales of the Etios sedan and Etios Liva hatchback fell, with 4,231 units sold compared to 8,271 units in November 2011. The Corolla Altis and Camry sold 362 and 46 units respectively.
“The sales have dropped this month due to a plant shut down, to ramp up the annual production capacity from 2.10 lakh units to 3.10 lakh units for the next calendar year. The first plant that manufactures Innova and Fortuner was shut down for a week and the second plant that produces Etios, Etios Liva and Camry was shut down for a fortnight. The market is yet to pick up pace. We hope to see growth next month due to year ending sales. The market is expected to grow in the first quarter of next year,” said Sandeep Singh, Deputy Managing Director, Marketing, Toyota Kirloskar Motor.
The company is bullish about 2013 though. It currently manufactures the Etios Liva, Etios sedan, Corolla Altis, Camry, Innova and Fortuner in India. The Prius, Land Cruiser LC 200 and the Prado are imported as completely built units.