Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

What topics does this article cover?

indian car sales report October 2016, Toyota

Toyota Kirloskar Motor Witnesses De-Growth On The Back Of Production Issues

1 Nov 2016Aakash Agarwal1 min read

Quick Facts

What is "Toyota Kirloskar Motor Witnesses De-Growth On The Back Of Production Issues" about?
What category is this article in?: Charts And Analysis
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 1 November 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: indian car sales report October 2016, Toyota

The Japanese automaker witnessed some headwinds in September due to the Bangalore unrest and in October due to long list of festival holidays.

The resulting impact has left the company short of its targeted production leading to an impact on overall sales. TKMs plans to launch the all-new Fortuner scheduled for the 7-Nov is well on track.

The new Fortuner - one of the most anticipated product launches of the year, will be loaded with an array of new and improved features including a new and powerful engine, stylish exterior and luxurious interiors. The car is rumored to cost well over Rs. 30 lakh with new technology, higher levels of equipment and the backing of a strong brand value.

The company reported sales of 11,651 units against 12,403 units during the same time last year. YTD sales stood at 90,162 units against 90,276 units.

TKM exported 974 units compared to 1,198 units in the same month last year.

TKM has also announced a partnership with Uber to offer end to end vehicle buying solutions for Uber Driver Partners. Through this partnership Toyota’s Financial arm, Toyota Financial Services India Ltd. (TFSIN) will provide 90% on-road funding on Etios and Liva models for first time drivers. The 90% on-road funding scheme encompasses a complete package of vehicle cost, accessories, service packages, registration road tax and insurance.

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