Toyota Kirloskar Motor (TKM) today reported an impressive performance with the sales of 19,608 units in the month of June 2023, an increase of 19% over the same period last year, where the company sold 16,512 units. While overall domestic sales stood at 18,237 units, exports accounted for 1,371 units in the month of June 2023.
TKM maintained its robust sales momentum from January to June in CY 2023 by selling a total of 1,02,371 units, surpassing the figures of 75,017 units sold in the same period last year thus resulting in a growth of 36%. Furthermore, company’s solid performance also reflected in the sales achieved in the first quarter of the current Financial Year (FY) with a 33% increase by selling 55,528 units compared to 41,813 units in the corresponding period of the previous year.
Sales Performance:
| Timeframe | June ‘23 | June ‘22 | % Growth |
| Month-on-Month | 19,608 units | 16,512 units | 19% |
| Timeframe | January-June’23 | January-June’22 | % Growth |
| First 6 months of CY | 1,02,371 units | 75,017 units | 36% |
| Timeframe | April-June’23 | April-June’22 | % Growth |
| Quarter 1 of 2023-24 | 55,528 units | 41,813 units | 33% |
Mr. Atul Sood, Vice President of Sales, and Strategic Marketing at Toyota Kirloskar Motor, said, “Toyota Kirloskar Motor continues to post strong sales growth, thanks to the robust performance of our entire product range we achieved a remarkable growth of 19% in the month of June.
Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers. These along with a consistent performance by the entire product portfolio – Camry Hybrid, Fortuner, Legender, Vellfire, Glanza and the newly introduced Hilux, further encouraged by exceptional customer satisfaction, are enabling us to sustain the positive performance. Our maiden “Great 4X4 X-pedition”, held in the South region, was much appreciated by the cult off-roading community whilst keeping the SUV enthusiasts engaged. This along with the various thrilling experiential drives conducted across the country for the Hilux fan base is enabling Toyota to win more hearts across the country.
The commencement of three shift operations has played a vital role in enhancing operational capabilities and addressing the growing demand for our products. Looking ahead, we will continue to be driven by our customer first approach to serve customers with best-in-class vehicles along with a bundle of best in class value added propositions to meet customers’ diverse needs.”
In the month of June, the company announced special service oriented schemes like the specialised monsoon campaign and tie-up with a financial institute to enable easy finance options to valued customers. With these and many more innovative offers in line, TKM remains committed to meeting customer expectations by constantly providing world-class products and innovative solutions.
Overview of TKM:
| Equity participation | Toyota Motor Corporation (Japan): 89%, Kirloskar Systems Limited (India): 11% |
| Number of employees | Approx. 6,000 |
| Land area | Approx. 432 acres (approx.1,700,000 m2) |
| Building area | 74,000 m2 |
| Total Installed Production capacity | Up to 3,10,000 units |
Overview of TKM 1st Plant:
| Established | October 1997 (start of production: December 1999) |
| Location | Bidadi |
| Products | Innova HyCross , Innova Crysta , Fortuner manufactured in India. |
| Installed Production capacity | Up to 1,00,000 units |
Overview of TKM 2nd Plant:
| Start of Production | December 2010 |
| Location | On the site of Toyota Kirloskar Motor Private Limited, Bidadi |
| Products | Toyota Camry Hybrid, Urban Cruiser Hyryder, Hilux |
| Installed Production capacity | Up to 2,10,000 units |
* Vellfire imported as CBU
