Posted on July 01 2023

Bangalore, 01st July 2023: Toyota Kirloskar Motor (TKM) today reported an impressive performance with the sales of 19,608 units in the month of June 2023, an increase of 19% over the same period last year, where the company sold 16,512 units. While overall domestic sales stood at 18,237 units, exports accounted for 1,371 units in the month of June 2023.

TKM maintained its robust sales momentum from January to June in CY 2023 by selling a total of 1,02,371 units, surpassing the figures of 75,017 units sold in the same period last year thus resulting in a growth of 36%. Furthermore, company’s solid performance also reflected in the sales achieved in the first quarter of the current Financial Year (FY) with a 33% increase by selling 55,528 units compared to 41,813 units in the corresponding period of the previous year.

Sales Performance:

Timeframe June ‘23 June ‘22 % Growth
Month-on-Month 19,608 units 16,512 units 19%
Timeframe January-June’23 January-June’22 % Growth
First 6 months of CY 1,02,371 units 75,017 units 36%
Timeframe April-June’23 April-June’22 % Growth
Quarter 1 of 2023-24 55,528 units 41,813 units 33%

Mr. Atul Sood, Vice President of Sales, and Strategic Marketing at Toyota Kirloskar Motor, said, “Toyota Kirloskar Motor continues to post strong sales growth, thanks to the robust performance of our entire product range we achieved a remarkable growth of 19% in the month of June.

Ever since the launch of Urban Cruiser Hyryder and Innova Hycross, we are witnessing continued high acceptance by our customers. These along with a consistent performance by the entire product portfolio – Camry Hybrid, Fortuner, Legender, Vellfire, Glanza and the newly introduced Hilux, further encouraged by exceptional customer satisfaction, are enabling us to sustain the positive performance. Our maiden "Great 4X4 X-pedition", held in the South region, was much appreciated by the cult off-roading community whilst keeping the SUV enthusiasts engaged. This along with the various thrilling experiential drives conducted across the country for the Hilux fan base is enabling Toyota to win more hearts across the country.

The commencement of three shift operations has played a vital role in enhancing operational capabilities and addressing the growing demand for our products. Looking ahead, we will continue to be driven by our customer first approach to serve customers with best-in-class vehicles along with a bundle of best in class value added propositions to meet customers’ diverse needs.”

In the month of June, the company announced special service oriented schemes like the specialised monsoon campaign and tie-up with a financial institute to enable easy finance options to valued customers. With these and many more innovative offers in line, TKM remains committed to meeting customer expectations by constantly providing world-class products and innovative solutions.


Overview of TKM:
Equity participation Toyota Motor Corporation (Japan): 89%, Kirloskar Systems Limited (India): 11%
Number of employees Approx. 6,000
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 HyCross , Innova Crysta , Fortuner manufactured in India.
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 Camry Hybrid, Urban Cruiser Hyryder, Hilux
Installed Production capacity Up to 2,10,000 units

* Vellfire imported as CBU

For Any Further Queries, Please Contact:
Toyota Kirloskar Motor Pvt. Ltd. Current Global
Kaveri Mandanna
Email : kaveriamma_mm@toyota-kirloskar.co.in
Shakuntala Datta
Mobile : +91-98456 11219
Email : SDatta@webershandwick.com