Toyota Motors 2023 Data

Toyota Kirloskar Motor 2023 data, YoY achievement in sales and production

Toyota Kirloskar Motor (TKM) has achieved unprecedented success in both fiscal year performance and monthly wholesales, reaching new heights with 2,63,512 units sold in the FY23-24, showcasing a remarkable 48% growth compared to the previous fiscal year’s 1,77,683 units. March 2024 witnessed a remarkable surge for TKM, with sales soaring by an impressive 25%, as the company successfully moved 27,180 units, a significant leap from the 21,783 units sold in March 2023. Domestic sales contributed significantly with 25,119 units, while exports accounted for 2,061 units during the same month.

Reflecting on this outstanding growth trajectory, Mr. Sabari Manohar, Vice President of Sales-Service-Used Car Business at Toyota Kirloskar Motor, expressed his delight, stating, “We are thrilled to conclude both our fiscal year and March 2024 wholesales on a record-breaking note. With a customer-centric approach, we have consistently anticipated and met the diverse needs of our customers, offering a wide range of quality products and services. Moving forward, we remain committed to enhancing our customer touchpoints and delivering delightful ownership experiences.”

TKM attributes its growth to its robust product portfolio and value-added services, including enhanced digitalization and financial tie-ups, which have resonated well with customers across segments. Models such as the Innova Crysta, Fortuner, Legender, Urban Cruiser Hyryder, and others have been significant contributors to TKM’s sales success, along with strategic investments in expanding production capacity and technological transformation.

Looking ahead, TKM is poised to capitalize on emerging opportunities in both metro and non-metro markets, leveraging its strong market acceptance and commitment to innovation.