How India's SUV fascination is driving Toyota's bottom line in India
Toyota’s Indian subsidiary sees record profits and revenue, driven by hybrid demand and Suzuki alliance. Expansion plans include new plants and regional realignment, as India becomes a strategic hub for Toyota's global operations.
30 Sep 2024
4255 Views
Share -
Backed by strong demand for its hybrid vehicles and incremental output from global alliance partner Suzuki Motor Corporation, Toyota Kirloskar's profits grew by a whopping 240% in the March-ending financial year 2023-24 to ₹4,787 crore or USD 570 million.
The Indian subsidiary of the world's largest carmaker, Toyota Motor Corporation, saw an incremental revenue of ₹22,000 crore in FY24, allowing the top-line to cross ₹50,000 crore for the first time. The total sales during the last financial year was up 66% to ₹56,444 crore or $6.7 billion.
During the year, Toyota Kirloskar more than doubled its production to ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
TVS Motor: From Humble Beginnings to Full Spectrum 2-Wheeler Brand
Ketan Thakkar
14 May 2025
As TVS Motor prepares for a busy product launch cycle—spanning affordable EVs, CNG scooters, 300cc motorcycles, and Nort...
Tech Talk: How to safely 'puncture' a tyre at 140kph
Autocar Professional Bureau
08 May 2025
New kit allows testers to deflate a tyre by remote control – critical in testing autonomous vehicles.
Tech Talk: Breakthrough for EVs as new battery tech halves charging times
Autocar Professional Bureau
06 May 2025
New immersion cooling battery tech has improved Renault Megane EV’s range and charging times.
