)
Toyota Kirloskar Motor (TKM) has registered 9.9% decline in sales of passenger cars at 14,470 units in July compared to 16,062 cars sold in the same month last year. The company exported 2,955 units of the Etios series last month.
The company sold 11,515 units in the domestic market in July 2013 as compared to 14,574 units in the corresponding month in 2012, a decline of 21%.
“Market continues to be sluggish and it seems that we are heading for tougher times in view of the current market outlook,” Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial, TKM said.
