2nd December 2024: Toyota Kirloskar Motor (TKM) continues to post robust growth trajectory, recording sales of 25,586 units in November 2024, a remarkable 44% increase over the same period last year. In the month of November 2023, the company sold 17,818 units. Exports in the month of November 2024 stood at 1140 units.
In the first eight months of FY’24-’25, TKM achieved a significant milestone, with total sales reaching 2,19,054 units, reflecting a 39% growth over the 1,63,636 units sold during the same period in FY’23-’24. This impressive performance was driven by strong market demand for TKM’s MPV and SUV portfolio, further supported by the success of customer-centric initiatives and tailored offerings.
Speaking on this strong performance Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We are delighted to report another month of strong sales performance, reflecting our sustained growth and customer trust. Our diverse portfolio, spanning from hatchbacks to SUVs, continues to offer tailored mobility solutions that resonate with varying lifestyles. Notably, two of our flagship models, the Innova Hycross and Urban Cruiser Hyryder, have each achieved the remarkable milestone of 1,00,000 sales. This milestone underscores the success of our India-focused product strategy, which emphasizes providing a range of advanced technologies to meet the diverse mobility needs of our customers.
Moreover, exclusive year-end benefits of over ₹1 lakh on select models, including the Urban Cruiser Taisor, Toyota Glanza and Rumion (excluding CNG variants), available until December 31, 2024, have played a key role in driving robust sales momentum. This has been instrumental in providing customers with exceptional value and contributing to Toyota’s continued success in meeting market demand. The year 2024 has exceeded our expectations and we are gearing up to close it on a strong note, with a continued focus on redefining customer experience to effectively meet evolving market demands.”
Sales Performance:
|
Time Frame |
November’24 |
November’23 |
% Growth |
|
Y-O-Y |
25,586 Â |
17,818 |
44% |
|
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|
Time Frame |
Apr- Nov 2024 |
Apr- Nov 2023 |
% Growth |
|
First 8 months of Financial Year |
219054 |
163636 |
39% |
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Oveview of TKM
|
Equity participation |
Toyota Motor Corporation (Japan): 89%, Kirloskar Systems Limited (India) : 11% |
|
Number of employees |
Over 6,500 |
|
Land area |
Approx. 432 acres (approx.1,700,000 m2) |
|
Building area |
74,000 m2 |
|
Total Installed Production capacity |
Up to 3,42,000 units |
Overview of TKM 1st Plant:
|
Established |
October 1997 (start of production: December 1999) |
|
Location |
Bidadi |
|
Products |
Innova HyCross, Innova Crysta, Fortuner, Legender manufactured in India. |
|
Installed Production capacity |
Up to 1,32,000 units |
Overview of TKM 2nd Plant:
|
Start of Production |
December 2010 |
|
Location |
On the site of Toyota Kirloskar Motor Private Limited, Bidadi |
|
Products |
Camry Hybrid, Urban Cruiser Hyryder, Hilux |
|
Installed Production capacity |
Up to 2,10,000 units |
