Toyota Kirloskar Motor (TKM) reported a 32% YoY growth in April 2024, selling 20,494 units, compared to 15,510 units in April 2023, indicating a consistent increase in its monthly sales units. This growth is a significant improvement on the previous year.
The growth momentum was sustained despite a weeklong maintenance shutdown from April 06-14,2024, for upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety. In the current month, domestic sales accounted for 18,700 units while exports totalled to 1,794 units during the same month.
This success also reflects a significant increase of48%in first four months of CY 2024, with a sale of 97,503 units, as compared to the same period in CY 2023, where the company sold 65,871 units. The company’s diversified portfolio, including new grades for key models like Hycross, Fortuner, and Rumion, has enhanced value and provided a wider choice for customers. Speaking on the sales momentum, Mr. Sabari Manohar – Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor said, “In FY 2023-2024, we demonstrated an unwavering commitment towards quality and customer centricity that pivoted us to report record breaking growth.”