Toyota India sales down 19% in June

Bengaluru: Toyota India joint venture’s domestic sales declined 19 per cent annually to 10,603 cars in June from 13,088 units in the same month last year, the company said on Monday.
“Exports also declined 25 per cent annually to 762 units in June from 1,014 in the like month a year ago,” said the city-based Japanese subsidiary in a statement here.
Combining domestic and export sales, the overall sales declined 19 per cent annually to 11,365 cars in June from 14,102 units in the corresponding month a year ago.
“The Indian automobile industry has been witnessing a continuous decline in domestic sales owing to several factors, which have contributed to the weak consumer sentiment,” said Toyota Kirloskar Motor Deputy Managing Director N. Raja in the statement.
In the first six months of 2019, domestic sales declined 10 per cent to 68,652 cars from 75,992 units in the same period in 2018.
“Economic uncertainty, subdued or deficit monsoon, high interest cost, tight liquidity and apprehensions over BS VI introduction in a few months have fuelled the slowdown,” Raja said.