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

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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.

WholesalesJanuary20212020Month on month Growth
Domestic11126580492%

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 nameToyota Kirloskar Motor Private Limited
Equity participationTMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employeesApprox. 6,500
Land areaApprox. 432 acres (approx.1,700,000 m2)
Building area74,000 m2
Total Installed Production capacityUp to 3,10,000 units

Overview of TKM 1st Plant:

EstablishedOctober 1997 (start of production: December 1999)
LocationBidadi
ProductsInnova, Fortuner manufactured in India.
Vellfire imported as CBU
Installed Production capacityUp to 1,00,000 units

Overview of TKM 2nd Plant:

 

Start of ProductionDecember 2010
LocationOn the site of Toyota Kirloskar Motor Private Limited, Bidadi
ProductsToyota Yaris, Camry Hybrid
Installed Production capacityUp to 2,10,000 units

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