New Delhi: Toyota Kirloskar Motor (TKM) Monday reported a 19% decline in total vehicle sales to 11,365 units in June this year. In the domestic market, the company reported sales of 10,603 units last month, down 19%, as compared to 13,088 units in June 2018, TKM said in a statement. Commenting on the sales performance, Toyota Kirloskar Motor Deputy Managing Director N Raja, said, "The industry has been witnessing a continuous decline in domestic sales owing to several factors that have contributed to the weak consumer sentiment." The prevailing economic uncertainty, uncertainty on monsoons, high interest costs, tight liquidity and also the underlying apprehensions surrounding BS-VI introduction in few months have steered the slowdown, he added. During January-June 2019, the company reported sales of 68,652 units, down 10% from 75,992 units in same period last year.

Source: Mint July 01, 2019 14:26 UTC