Bangalore, 2nd August 2023 – Toyota Kirloskar Motor (TKM) today reported its strongest cumulative sale ever by selling 21,911 units in July 2023. While the overall domestic sales stood at 20,759 units, exports accounted for 1152 units. This represents a steady growth of 10% compared to July 2022, where sales stood at 19,693 units. In June 2023, the company had sold 19,608 units thereby presenting month-to-month growth of 12%.
The company previously posted its best monthly wholesales in May’2023 by selling 20,410 units.
During the first seven months of CY 2023, TKM sold 1,24,282 units, reflecting a substantial increase of 31% compared to the same period in CY 2022, where sales stood at 94,710 units. The first four months of FY 2023 have witnessed a surge as well with sales of 77,439 units, marking a growth rate of 26% when compared to the corresponding period of FY 2022, which saw 61,506 units sold.
Mr. Atul Sood, Vice President of Sales, and Strategic Marketing at Toyota Kirloskar Motor, said, “The month of July has been tremendous for the company, we are thrilled to have recorded our highest wholesales ever by selling 21,911 units. We are witnessing an overwhelming response to our entire product range including Urban Cruiser Hyryder, Innova Hycross, Fortuner, Legender, New Innova Crysta Camry and a special mention goes to the versatile Hilux thus reflecting the utmost trust our valued customers place in us. The Cool New Glanza also continues to woo a fresher set of customer base for Toyota. Given the mid-year sales trend and the favorable demand sentiments, coupled with our increase in production by adding a third shift operation, we are confident of recording one of our strongest years in the country. We are also keenly looking forward to a good festive season and gearing up to meet the further surge in demand.
As a company, that aspires to create mobility for all with a deep rooted commitment to quality, innovation and respect for the planet, we strive to exceed customer expectations by setting new industry benchmarks. July was extra special to us, as we are honoured to have delivered the first-ever fleet of Hilux to the Indian Army, marking a momentous milestone for TKM. Being a customer focussed organization, we rolled-out the ‘Monsoon Campaign” in the month of July, to offer a wide range of exclusive benefits and maintenance offers to ensure safety and seamless driving season while elevating hassle-free ownership experience this monsoon season.”
|Timeframe||July ‘23||July ‘22||% Growth|
|Month-on-Month||21,911 units||19,693 units||11%|
|First 7 months of CY||1,24,282 units||94,710 units||31%|
|First 4 months of FY||77,439 units||61,506 units||26%|
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)|
|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|