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New Delhi, Dec. 15 Toyota Kirloskar Motor has said it will cut production by 30 per cent during the current month as there has been a dip in the passenger car sales.

Toyota has a capacity to produce over 5,000 units a month at its plant near Bangalore. The company indicated that it may have to resort to similar cuts even next year if the current market situation persists.

“This month, we are cutting production by 25-30 per cent. We will review the market scenario during the month. Accordingly we will decide for the next months,” said Mr Hiroshi Nakagawa, Managing Director, TKM on the sidelines of the launch of its express maintenance service at one of its dealerships here.

Although Mr Nakagawa declined to give its sales projections for the next year, he said, “We expect the first six months will continue to remain challenging. But after that it may improve.”

When asked if Toyota’s India plans would be impacted due to the parent company expected to post losses overseas, Mr Nakagawa said, “Toyota has put its plans on hold in every market except for India.”

More Stories on : Cars | Outlook

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