Page 2 - Toyota Kirloskar Motor

Toyota Kirloskar Motor sales up by 51% at 17,818 units in November

Toyota Kirloskar Motor on Friday reported 51 per cent growth in sales at 17,818 units in November 2023 as compared to the year-ago month. The company had sold 11,765 units in November 2022, Toyota Kirloskar Motor (TKM) said in a statement. Domestic sales last month were at 16,924 units in the domestic market, while exports stood at 894 units, it added. The company had undertaken a week-long maintenance shutdown from November 11-19, 2023 for upkeep of machinery and equipment to sustain operational efficiencies, maintain quality and safety, the statement said. "We recorded a strong festive season with healthy bookings, and we are extremely thrilled to see the market responding very positively to our entire product range," TKM Vice President of Sales and Strategic Marketing Atul Sood said. TKM said its cumulative sales for calendar year 2023 (January-November) stood at 2,10,497 units, up 40 per cent over the same period in 2022, when the sales were 1,49,995 units.

Toyota expects Indian PV market to carry momentum of 2023 into 2024: Gulati

The Indian passenger vehicle market is expected to carry forward the momentum of this year to the next purely driven by economic fundamentals, having already moved beyond pent-up demand-induced growth, according to Toyota Kirloskar Motor Executive Vice President & Country Head Vikram Gulati. While the SUVs are expected to witness fast growth in general in 2024, the mid to higher end of the segment will also see faster acceleration, although the small cars category will remain a concern. "I think the market is growing. It will continue to grow in a very healthy way. We are well beyond the part when people were saying this is pent-up demand. We have built much beyond that, and the festive season has seen very good pickup," Gulati told PTI when asked about the outlook for 2024. He further said, "Going forward, I think the fundamentals are good. In terms of the economic forecast, our economy continues to be stable and growing amidst a very turbulent environment." Despite the shocks of

Toyota Kirloskar Motor to invest Rs 3,300 cr to set up new Karnataka plant

Toyota Kirloskar Motor on Tuesday announced plans to invest Rs 3,300 crore to set up its third plant at Bidadi in Karnataka. The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts. It will come up at the company's existing facility at Bidadi, near here where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually. The new plant, apart from producing multi-utility vehicle Innova HyCross, will be "future ready" to roll out models spanning across different fuel technologies, Toyota Kirloskar Motor (TKM) Executive Vice President & Country Head Vikram Gulati told PTI. "I believe, we are as a company future-ready, both in terms of access to technology, access to well-accepted products across various powertrains as also access to the ability to bring these products to market," he said. He further said in the industry, it doesn't take too much for the same line or some lines to be

Toyota Kirloskar Motor reports 66% jump in sales in October to 21,879 units

Earlier this year, media reports stated that Japanese auto major Toyota is looking to set up a third manufacturing plant in India

Toyota reports its highest-ever monthly sales in September at 23,590 units

Toyota Kirloskar Motor on Sunday said its total wholesales increased 53 per cent year-on-year to 23,590 units in September, its highest-ever in a month. The automaker had dispatched 15,378 units to dealers in the same month last year. Total sales achieved include 22,168 domestic units and export of 1,422 units, Toyota Kirloskar Motor said in a statement. Toyota Kirloskar Motor Vice President of Sales and Strategic Marketing Atul Sood said the sales performance underlines the growing acceptance of the company's diverse product portfolio. "We are witnessing sustained demand across our product line-up which is leading to the company's record-breaking performance... As we move forward in the festive season, we are expecting a promising period with demand continuing to grow thus further enhancing our sales performance," he added. The automaker said wholesales grew 35 per cent to 1,23,939 units in the first six months of the current fiscal year, compared to 91,843 units in the same peri

Toyota Kirloskar Motor expects record sales in bet on 'looks', high output

The company posted a net profit of Rs 1,404 crore in FY23, about 2.7 times more than its net profit in FY22

Toyota records highest-ever monthly sales at 22,910 units in August

Toyota Kirloskar Motor (TKM) on Friday reported its best-ever monthly sales at 22,910 units in August. The company's total dispatches to dealers increased by 53 per cent last month to 22,910 units as compared with 14,959 units in August 2022. The company said it sold 20,970 units in the domestic market last month. Exports stood at 1,940 units last month, it added. "Strong sales volume and enhanced demand showcase customers' ever-growing affinity for the brand. Toyota Urban Cruiser Hyryder and Innova Hycross continue to register a strong demand," TKM Vice President of Sales, and Strategic Marketing Atul Sood said in a statement. The Innova Crysta, Fortuner and Legendar are witnessing sustained segment leadership, he added. "Encouraged by the overwhelming response to our entire portfolio, we are constantly working on expanding our product portfolio to offer customers wider choices. In-line with the same, we announced two new launches in the month of August," Sood said. The company

Toyota introduces Rumion, looks to bolster presence in MPV segment

Toyota Kirloskar Motor on Thursday introduced an all-new model Rumion in the country as it looks to further strengthen its position in the robustly growing domestic multi purpose vehicle (MPV) segment. The seven-seater model comes with a 1.5-litre petrol engine mated with a five-speed manual and six-speed automatic transmissions. It also features a CNG trim. Toyota Kirloskar Motor (TKM) said the prices and booking date of the model will be announced in due course of time. It, however, noted that the vehicle be available from the early festive season in dealerships for deliveries. "At Toyota, we believe in going beyond delivering world-class vehicles. Our deep-rooted culture is to offer products and services that create exceptional value and offer peace of mind to our loyal customers. The all-new Toyota Rumion embraces this ethos," TKM Managing Director and Chief Executive Officer Masakazu Yoshimura said in a statement. As a brand, that is deeply committed to the Indian market and

Toyota registers best-ever monthly vehicle sales in July at 21,911 units

As a part of expanding its footprint in the Indian market, Toyota is leveraging its partnership with Maruti Suzuki to introduce rebadged Maruti cars

After passing rigorous tests, Toyota Hilux joins Indian Army vehicle fleet

Toyota Hilux was tested in rough terrain and challenging weather conditions which included driving it at altitudes of 13,000 feet to testing its performance at sub-zero temperatures

Toyota Kirloskar Motor hikes vehicle prices by 1% due to rise in input cost

Toyota Kirloskar Motor (TKM) on Thursday said it has hiked the prices of its models by around 1 per cent in order to offset the impact of an increase in input cost. The company, which sells models like Innova Crysta and Fortuner, has realigned the prices of its models with effect from July 5, 2023, TKM said in a statement. The increase was necessitated to partially offset the rising input cost, it added. "As a customer-centric company, we remain committed to cater to the ever-evolving needs of the market and all efforts have been made to ensure that the impact of the cost increase passing on to our customers is minimal," it noted.

Toyota Kirloskar reports 19% rise in retail sales at 19,608 units in June

Toyota Kirloskar Motor (TKM) on Saturday said its wholesales increased 19 per cent to 19,608 units in June as compared with 16,512 units in the year ago period. Domestic dispatches stood at 18,237 units while overseas shipments rose to 1,371 units last month. "Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers," TKM Vice President (Sales and Strategic Marketing) Atul Sood said in a statement. These along with a consistent performance by the entire product portfolio Camry Hybrid, Fortuner, Legender, Vellfire, Glanza and the newly introduced Hilux, are enabling the company to sustain the positive performance, he added. The commencement of three shift operations at the manufacturing plant has played a vital role in enhancing operational capabilities and addressing the growing demand for the products, Sood noted.

Maruti to launch its own alternate for Innova in collaboration with Toyota

So far, as part of this collaboration, Toyota sells its Glanza which is the Baleno alternative and the Urban-cruiser which is nothing but a Toyota-branded Brezza

Toyota Kirloskar commences 3rd shift at K'taka plant to enhance production

Toyota Kirloskar Motor has initiated a third shift at its Karnataka-based plant to enhance production capacity by around 30 per cent, as it looks to cut down waiting periods on some of its popular models like Innova Crysta and Fortuner. The automaker has commenced a third shift from the first week of May in its Plant 1 in Bidadi on the outskirts of Bengaluru to ramp up the manufacturing capacity. The company has invested over Rs 90 crore to upgrade the existing infrastructure at the facility and added around 1,500 workforce for the third shift at the plant. "We have commenced a third shift at the plant which produces models like Innova Crysta, Innova Hycross and Fortuner. These products have been quite successful and there is quite a long waiting period. We are trying to minimise the impact for the customers," TKM Senior Vice President and Chief Communication Officer Sudeep S Dalvi told PTI in an interaction. He noted that the company took a shutdown of around a week at the plant t

Will India be an all-electric or a hybrid market for Toyota Motor?

Green mobility drives Toyota's India plans: With 10 pure electric cars planned by 2026 in its global portfolio, the world's largest car maker hopes to move beyond its SUV mainstays in the country

Toyota Kirloskar sales dip 6% to 14,162 units owing to maintenance shutdown

Toyota Kirloskar Motor on Monday said its wholesales declined by 6 per cent to 14,162 units in April, owing to a week-long maintenance shutdown during the month. The company had dispatched 15,086 units in the domestic market in April 2022. The automaker also exported 1,348 units of the Urban Cruiser Hyryder in April. The company said it undertook a week-long maintenance shutdown from April 24-28, 2023 for the upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety. "The company is continuing to witness high demand as well as good enquiries, and needless to say we are extremely thrilled to see the market responding very positively," Toyota Kirloskar Motor Vice President, Sales and Strategic Marketing Atul Sood said in a statement. The Hilux, Innova Hycross and the new Innova Crysta continue their phenomenal run, as strong demand continues, he added. "Our SUV segment share also continues to be buoyant owing to the success of the Urban Cruiser

Toyota Kirloskar Motor launches online retail sales platform for Bengaluru

Toyota Kirloskar Motor (TKM) on Friday announced the launch of an online retail sales platform 'Wheels on Web' for the Bengaluru region. The platform enables customers to book, purchase and get delivery of Toyota vehicle models from their homes, TKM said in a statement. Further, it also provides real-time information on the status of their booked Toyota product, to augment credibility, and transparency, among others, it added. The Wheels on Web is a Business to Customer (B2C) platform that reflects the company's commitment to enhance the customer experience in its digital space, enabling hassle-free car buying with innovative features and services, the company said. The company had in 2021 launched its virtual showroom to provide its customers with a digital platform to access and explore its various models and accessories, facilitating a 360-degree immersive experience from their homes. With this new development, the virtual showroom is well integrated with the platform, the ...

Planning to buy Innova Hycross? Toyota temporarily halts bookings

Toyota Kirloskar Motor on Friday said it has decided to temporarily halt bookings of top trims of its multi purpose vehicle Innova Hycross from April 8, owing to ongoing supply challenges. "We deeply regret to announce the temporary halt of bookings for top-end grades of Innova Hycross (ZX and ZX (O) only, with effect from April 8, 2023," the automaker said in a statement. The bookings of the other grades of Innova Hycross both the hybrid and gasoline, will continue, it added. Toyota Kirloskar Motor (TKM) had launched the Innova Hycross in November last year. The model is available in both self-charging strong hybrid electric variant [SHEV], as well as gasoline variant.

Toyota Kirloskar Motor sales increase by 9% to 18,670 units in March

Toyota Kirloskar Motor (TKM) on Saturday said its sales increased by 9 per cent year on year to 18,670 units in March. The company had sold 17,131 units in the domestic market in March 2022. For the 2022-23 fiscal, the automaker reported a 41 per cent increase in wholesales at 1,74,015 units from 1,23,770 units in 2021-22 fiscal. "We are extremely pleased to close this fiscal year on a positive note and expect continued momentum and growth in the fiscal of 2024-2025. "The passenger vehicles segment witnessed a steady growth last year, and TKM was prepared to ride the wave by making deeper inroads into the market to meet the varied mobility needs," TKM Vice President, Sales and Strategic Marketing Atul Sood said in a statement. The company's new product launches, introduction of newer, greener and advanced technology options and reaching closer to customers, enabled it to successfully sustain the continued growth momentum, he added. "Given the strong customer demand for all our ..

Toyota Kirloskar wholesales rise 75% in February at 15,338 units

Toyota Kirloskar Motor (TKM) on Wednesday said its wholesales increased 75 per cent year-on-year to 15,338 units in February 2023. The company had dispatched 8,745 units in the domestic market in February last year. "We are witnessing a continued interest from customers across our product portfolio, resulting in a very healthy growth in the month of February 2023," TKM Sales and Strategic Marketing Vice President Atul Sood said in a statement. Leading this growth are the Urban Cruiser Hyryder and All New Innova Hycross, as the automaker strives to work with its partners to meet the demand, he added. The recent announcement of opening of bookings for the Toyota Hilux, is also continuing to generate excitement, resulting in good orders from across the country, Sood said. Other products like the Glanza, the Fortuner and the Legender also continue to elicit robust demand in the market, he added. "Looking ahead, we expect to close this quarter on a high note, in comparison to last ye