Toyota Kirloskar Motor sold decent number of vehicles in May 2017, thereby climbing to 5th spot. Toyota sold a total of 12,339 units in May 2017. While 10,914 units were sold in the domestic market, 1425 units of Etios series were exported. Interestingly TKM had exported 990 units of Etios series in May last year.
Innova Crysta and Fortuner continue to be best sellers followed by the Etios series.
With ambiguity surrounding the upcoming GST tax structure, many customers are postponing their plans of purchasing new vehicles.
The company expects this impact to magnify in June 2017 until the customers have a clear understanding of the final pricing post GST roll out.
Toyota hopes the Government of India will review the proposed tax structure, for greener vehicles such as electric, hybrid, etc., to achieve cleaner mobility solutions.
Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing, Toyota Kirloskar Motor said,
“We are happy to share that the Innova Touring Sport launched in the month of May has been appreciated by customers for being the first mover in the MPV segment with a SUV styling. Innova Crysta sales has seen a slight dip as compared to the same period in 2016, which can be attributed to the fact that we launched the Innova Crysta last year during May. Ever since the preview of Innova Crysta at the Auto Expo in 2016, there has been tremendous response and basis the booking orders, we already had the vehicles ready for delivery as soon as the official launch took place.
With the ambiguity surrounding the upcoming GST proposed tax structure, the customers are postponing their plan of purchasing the vehicle post the GST implementation. We expect this impact to magnify in June 2017 until the customers have a clear understanding of the final pricing post the GST roll out.
We expect the Government of India to review the proposed tax structure, under GST, for greener vehicles such as electric, hybrid, etc., to achieve cleaner mobility solutions. We do hope the Government will continue to extend the prevailing tax benefits for greener technologies which are purely based on the fuel efficiency and eco-friendliness. ”