Bangalore, 01 August 2024.
For the second consecutive month, Toyota Kirloskar Motor has outperformed its sales achievement by registering best-ever monthly wholesale of 31,656 units in July 2024. While domestic sales accounted for 29,533 units, exports totalled to 2,123units during the month. This marks a remarkable growth of 44% compared to July 2023, when 21,911 units were sold.
In the previous month of June 2024, TKM sold 27,474 units.
In the first seven months of CY 2024, TKM sold 1,81,906 units, marking a remarkable 46% increase compared to the same period in CY 2023, which recorded sales of 1,24,282 units.
Sales Performance:
| Timeframe | July – 2024 | July – 2023 | Growth |
| Y-o-Y | 31,656 units | 21,911 units | 44% |
| Timeframe | Jan – July 2024 | Jan – July 2023 | Growth |
| First 7 months of CY | 1,81,906 units | 1,24,282 units | 46% |
Commenting on the strong performance, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “We are thrilled to announce another key milestone with our highest-ever sales performance for July 2024. Demand for all our models remains at an all-time high, especially in the SUV and MPV segments. Our formidable presence in these categories, with models like the Innova Crysta, Innova Hycross, Urban Cruiser Hyryder, Rumion, Taisor, Fortuner, Legender, Hilux, and the LC 300, offers robust choices to customers. In addition, our diverse lineup, including the Glanza, Camry Hybrid, and Vellfire, is strategically designed to cater to the evolving and varied needs of our customers, reflecting our commitment to delivering vehicles that align with their preferences and lifestyles.
Our operational enhancement strategy, including the addition of a third shift, is supporting strong demand. For certain models, especially in the case of Urban Cruiser Hyryder, a streamlined supply situation has also led to a reduction in waiting periods. Moreover, there is an increasing understanding and appreciation for newer and greener technologies among customers. Our commitment to sustainability, safety, and advanced technology remains at the forefront of our efforts to meet and exceed customer expectations.
We are also constantly innovating to offer new experiences to our valued customers. We have expanded our car detailing business, “T GLOSS,” to the Toyota Used Car Outlet (TUCO). Customers can now enjoy quality car care solutions delivered in a highly professional manner, ensuring a delightful ownership experience even for used cars.
We are deeply grateful for the trust and loyalty of our customers and remain committed to delivering high-quality vehicles that meet their diverse needs. This success underscores our dedication to providing exceptional products and services, and we look forward to continuing this positive momentum in the coming months.”
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In a significant corporate milestone, TKM yesterday signed a MOU with the Government of Maharashtra to explore the potential of setting up of a Green Field Manufacturing Facility that will further strengthen the company’s focus on advanced green technologies. In addition, work on the third plant in Bidadi near Bangalore which was announced in 2023, at an investment of Rs. 3,300 crores has already begun with worked expected to complete in 2026.
