Bangalore,2nd June 2023 – Toyota Kirloskar Motor (TKM) achieves the highest-ever monthly cumulative sales of 20,410 units for May 2023 thus reporting growth of 110% over 10,216 units in May 2022. The company registered domestic sales of 1,9379 units and export sales of 1031 units of The Urban Cruiser Hyryder this month. TKM also witnessed a jump of 32% over April 2023 where the company had sold 15,510 units.
The positive trend continues as the company reported strong performance with a growth of 42% in the first five months of the Calendar year 2023 (January-May) by selling 82,763 units as compared to of 58,505 units achieved in the same period last year.
|Month-on-Month||20,410 units||10,216 units||110%|
|First 5 months of CY||82,763 units||58,505 units||42%|
Commenting on the sales Mr. Atul Sood, Vice President of Sales and Strategic Marketing at Toyota Kirloskar Motor said, “Toyota Kirloskar Motor has scaled a new high by reporting the highest monthly sales performance of 20,410 units. As we look forward, given the sustained momentum, we continue to be optimistic for the rest of the year by prioritizing the customers’ needs. We believe that the strong upward trajectory highlights the company’s customer alignment and ever-growing product popularity with the latest launches like Urban Cruiser Hyryder, Innova Hycross and the Hilux that continue to support the strong sales momentum in their respective segments. The popularity of Hilux, in particular, continues to grow and exhilarate customers all over India, thanks to its versatility and robust performance.
As a customer-centric company, we always strive to understand and exceed the expectations of our valued customers by continuing to implement diverse measures to take care of their needs and offer products that excel in quality, reliability and durability. In-line with this approach, we recently enhanced our production by implementing the third-shift of operations at our Bidadi plant from May 2023 which has greatly contributed to addressing the market’s needs. Apart from reduction of waiting period for delivery, this measure will also further allow us to contribute to the nation’s ‘Make in India’ mission and generating additional employment opportunities in the region. We take great pride in sharing that all our products are performing exceptionally well, reaffirming our customers’ satisfaction & strong confidence in us. Moreover, we are optimistic about the future and confident that our positive momentum will enable us to add in valued customers across the nation, thereby ensuring ‘Mass Happiness to All’ – he further added.
In line with its commitment to building lasting connections with customers, TKM recently announced the highly anticipated “Great 4X4 X-pedition”, designed to engage with the 4×4 SUV enthusiasts across India, by offering exciting and thrilling off-roading experiences. This flagship initiative aspires to connect participants with their sense of adventure and inspire more people to pursue their passion for adventure & motorsports. Set to be held across four zones (regional level – North, South, East and West), with a ‘Grand National 4×4 X-pedition’, this exclusive first event kicked off in the Southern zone, covering scenic locations and historical points of Bangalore–Sakleshpur-Hassan offering thrilling experiences through curated on-road and off-road drives.
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|