 "Toyota")
A strong volume run and frequent price hikes helped Toyota Kirloskar Motor (TKM) turn around its loss-making operations and post its highest net profit in four years in the last fiscal year (FY22).
The turnaround shows that in addition to the cost optimisation initiatives at TKM and an increase in the average selling price of its own models, the four-year old global alliance between Toyota Motor (TMC) and Suzuki Motor (SMC) has started paying off. The partnership involves sharing and cross badging of models and technologies, said analysts.
The company logged a net profit of Rs 518.8 crore in FY22 compared to
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