Bangalore,2nd March 2023Toyota Kirloskar Motor (TKM) continues to post sales growth as the company today announced that its wholesales stood at 15,338 units for the month of February 2023. The significant gain stood 175% higher over the month of February of last year, where the company had sold 8745 units.
Month of February’ 2023 also saw a 120% growth over the sale achieved in January 2023 where TKM sold 12,835 units. In addition, the company also posted a strong growth of 175% for the months of January-February 2023 as against the corresponding period last year. TKM sold 28,173 units in January-February 2023 as compared to 16,073 units in the January-February 2022.
Speaking on this strong performance Mr. Atul Sood, Vice President, Sales and Strategic Marketing said, “We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023. Leading this growth, are the Urban Cruiser Hyryder and All New Innova Hycross, as we strive to work with our partners to meet the demand. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country. We are confident that the Hilux will entice the customer to Live a Fuller Life, with its varied lifestyle utility offerings, be it personal or business. Other products like the Glanza, the Fortuner and the Legender also continue to thrill the market.
Furthermore, we are focusing on enhancing our reach in the country to move closer to our customers through the introduction of two new dealerships in the month of February at Surat (Gujarat) and Bhiwandi (Maharashtra). We are confident that they will provide easy access to Toyota products and services, to both existing and prospective customers in the regions.
Looking ahead, we expect to close this quarter on a high note, in comparison to last year. As a customer centric company in constant pursuit to redefine customer experience, we are continually working to meet the market demand effectively.”
Overview of TKM
|Equity participation||Toyota Motor Corporation: 89%, Kirloskar Systems Limited : 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)|
|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|