Toyota Kirloskar June sales down 19% at 13,805 units

Moneycontrol Bureau

Bangalore-based Toyota Kirloskar's total sales in June declined 19 percent year-on-year to 13,805 units. It sold 11,010 units in the domestic market, down from 14,700 units a year ago, the company said on Monday. Toyota also exported 2,795 units of the Etios series of cars, it said. "The overall weak economic conditions continue to keep the market sentiments low and the market sluggish," said, Sandeep Singh, deputy MD. In comparison, Maruti Suzuki's sales last month were down 13 percent at 84,455 units and Mahindra & Mahindra's sales declined 8 percent at 38,092 units. Singh said Toyota has managed to keep inventory levels low and is hopeful market will improve after the monsoon and during the festive season.