A Remarkable Surge in Sales
With sales of 21,879 units, Toyota Kirloskar Motor (TKM) has announced a great month. This represents a significant increase of 66% from October 2022 sales, which were 13,143 units. In total, the company exported 1,337 units and sold 20,542 units in the home market.
TKM has maintained a good growth rate throughout the year. Sales of 1,92,661 units during the January–October period of the company’s Calendar Year performance exceeded 1,38,190 units sold in the same time of the previous year, indicating a significant 40% gain in 2023.
Similarly, TKM reported sales of 1,45,818 units in the first seven months of FY23 compared to 1,04,986 units sold in FY22, representing a 39% increase in 2023. Moreover, TKM has been able to meet market demand thanks in large part to the increased manufacturing capacity made possible by three-shift operations.
Also Read: Tata Motors Granted Rs 766 Crore Compensation for Singur Plant Incident
“For us, sustained growth has come from across every segment where Toyota is present,” he continued. TKM is producing consistent returns due to this increasing trend, and new bookings are still coming in. In addition to vehicles like the Urban Cruiser Hyryder, Innova Hycross, and Hilux, the new Vellfire and Rumion have just been added, which has helped the favourable booking trend.
With models like the New Innova Crysta, Fortuner, and Legender, TKM has held its top position in the segment. The company’s total success is still greatly influenced by the Camry Hybrid and Glanza. We also brought out various alluring service benefits and intriguing offers throughout our dealerships to further increase customer delight and give more excellent value to customers this holiday season,” continued Sood.
A Promising Trend for Toyota Kirloskar Motor
TKM is celebrating its 25 years in India this year. We are committed to delivering even more customer convenience by strengthening our distribution network and making our entire product line more accessible. This underscores our customer-centric philosophy and our never-ending pursuit of customer intimacy. We are nonetheless optimistic about a very healthy result in the upcoming months, given the positive market sentiments surrounding Diwali.
In addition to reaching a noteworthy milestone earlier this year when it joined the Indian Army’s fleet, the Hilux participated in the Eastern Naval Fleet Drive, or “The Eastern Arc,” which was organised by the Indian Navy’s Eastern Command and covered 17 cities over 12 days, covering roughly 6000 kilometres along India’s East Coast.
