Commenting on the sales performance, Toyota Kirloskar Motor Deputy Managing Director N Raja, said, "The customer demand had witnessed a continued slowdown before the election results. Customers have been cautiously spending which has led to sluggishness in the domestic auto sales. Added factors like liquidity tightening, high insurance costs, increase in fuel costs have also weakened the retails".
However, with the formation of a stable government now at the Centre, there is an increase in customer walk-ins post the election results announcement, which would brighten the sales in upcoming months, Raja said.
"We are excited about the upcoming launch of Toyota Glanza on June 6, it would mark our entry into the premium hatchback segment to cater to the growing demands of our existing and prospective customers. We are confident Glanza backed by Toyota's unique sales and service efficiency will create a new benchmark in the industry in customer delight," he added.