Toyota Kirloskar Motor reported a 86.49 per cent decline in domestic vehicle sales to 1,639 units in May. The company had posted sales of 12,138 units in May 2019, TKM said in a statement.”We are conscious of the dealer business conditions in various parts of the country and we have been prioritising production at our end as per dealer requirements, both in terms of quantity as well as the grades that they require,” TKM Senior Vice president, Sales & Service, Naveen Soni said.
The entire world is struggling with COVID-19 Lockdown since last few months. The automobile industry is one of the majorly affected industry sectors from this pandemic related lockdown. Earlier, Maruti Suzuki showed that the company had registered zero sales in the April month.
Although the manufacturing is started showing some signs of re-openings but according to market experts it is expected to have low sales in the next few quarters.