Domestic market sales are down 4 percent year on year in April, which saw the carmaker implement a week-long maintenance shutdown.
01 May 2023 | 3060 Views | By Autocar Professional Bureau
Toyota Kirloskar Motor (TKM) has reported wholesales of 14,162 units in the domestic market in April 2023, down 4.16% year on year (April 2022: 14,777 units). The company also exported 1,348 units of the Urban Cruiser Hyryder.
The company had undertaken a week-long maintenance shutdown at its manufacturing plants ...
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Toyota Kirloskar Motor (TKM) has reported wholesales of 14,162 units in the domestic market in April 2023, down 4.16% year on year (April 2022: 14,777 units). The company also exported 1,348 units of the Urban Cruiser Hyryder.
The company had undertaken a week-long maintenance shutdown at its manufacturing plants in Bidadi, Karnataka from April 24 to 28, 2023 for the upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety.
TKM, which produced 166,690 cars and SUVs and sold 173,245 units in FY2023, plans to expand its manufacturing plant output by a minimum of 20-30 percent. Production is likely to double to over 320,000 units in the current financial year, making it the highest ever output for the company. Starting from the first week of May 2023, TKM will be adding a third shift at its Bidadi plant. This will help increase its Innova, Fortuner and Hycross production capacity from 380 units per day to 510 units per day and augment its cumulative capacity in India from 320,000 to 400,000 units per annum.
According to Atul Sood, Vice-President, Sales and Strategic Marketing, “TKM is continuing to witness high demand as well as good enquiries. Strong demand continues for the Toyota Hilux, Innova Hycross and the new Innova Crysta. Our SUV segment share also continues to be buoyant owing to the success of the Urban Cruiser Hyryder along with segment leadership of the Fortuner and the Legender, which are consistently leading with over 82% market share in Q1 of CY 2023. The Vellfire and the Camry Hybrid are also steadily contributing to our sales.”
Last month saw TKM launch ‘Wheels on Web’, an online retain sales platform for the Bangalore region. This enables customers to book, purchase and get delivery of models like the HyCross (petrol), Hilux, Legender, Camry, Fortuner and Innova Crysta (GX) digitally.
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