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InFocus Corporate

Toyota Kirloskar Motor Registers 92% Growth in Domestic Automobile Sales in January 2021

Commenting on the month’s performance, Mr. Naveen Soni, Sr. Vice President TKM said, “The new year started on a positive note for us and our sales growth stands testimony to the same

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SMEStreet Edit Desk
01 Feb 2021 02:30 IST

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Naveen Soni, Toyota Kriloskar Motors, Toyota

Toyota Kirloskar Motor announced that the company sold a total of 11126 units in the month of January 2021, thereby clocking a growth of 92% in domestic sales, when compared to its wholesales in the month of January 2020. For reference, TKM had sold a total of 5804 units in the domestic market in January 2020.

Wholesales January 2021 2020 Month on month Growth
Domestic 11126 5804 92%

Commenting on the month’s performance, Mr. Naveen Soni, Sr. Vice President TKM said, “The new year started on a positive note for us and our sales growth stands testimony to the same. Our wholesales have been very encouraging and the booking orders have also witnessed a significant rise. We launched the new Fortuner and Legender in the New Year to cater to the growing aspirations of our loyal customers who are seeking more style, comfort, and performance. We are humbled by the tremendous customer response for both the models, which shows in the continued trust and confidence in the Fortuner, which has been the segment leader since its launch more than a decade ago. Moreover, the new Innova Crysta launched in November last year, has also received an overwhelming response from the market.

Last month, we also achieved a significant milestone of clocking total sales of over 50,000 units for the Toyota-Suzuki alliance models, Glanza & the Urban Cruiser, ever since the launch of Glanza in June 2019. Both the models have proved their popularity in their respective segments and have also allowed us to welcome many new customers into the Toyota family”, he concluded.

Overview of TKM:

Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employees Approx. 6,500
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)
Location Bidadi
Products Innova, Fortuner manufactured in India.
Vellfire imported as CBU
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 Yaris, Camry Hybrid
Installed Production capacity Up to 2,10,000 units
Toyota Kriloskar Motor
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