23% growth in domestic sales in first half of 2018
Bangalore, June 30th 2018 – Toyota Kirloskar Motor sold a total of 13088 units in the domestic market this month of June 2018. The company exported 1014 units of the Etios series this month thus clocking a total of 14102 units. TKM had sold 1973 units in the domestic market and exported 1655 units of the Etios series in June 2017 as a conscious decision to lower the volumes to lessen any impact on the dealers owing to the uncertainty surrounding implementation of GST in July 2017
The company has been able to register 23% growth in the first half of 2018 from Jan –June 2018 as compared to the same period last year.
Commenting on the sales performance, Mr. N. Raja, Deputy Managing Director, Toyota Kirloskar Motor said, “We have achieved triple digit growth this month as compared to June 2017 owing to last year’s GST scenario, wherein we supplied as per the market demand which was impacted due to impending GST implementation. The real scenario of June-July sales will be clear after July end compared to Jun –July 2017.
The positive growth in the first six months of 2018 over 2017 has been very encouraging. We have registered a 23% growth in Jan –June 2018 as compared to the same period in 2017. Thanks to the persistent support and trust from our loyal customers, Innova Crysta has recorded 43% growth in April-June 2018 as compared to the same quarter last year. Being the segment leader for more than a decade, it gives us the confidence that we have been able to win customer hearts through unmatchable quality, safety and innovation.
We are happy that Yaris continues to enjoy good traction from customers.
We will continue to push our boundaries to cater to customer needs in the country.
Overview of TKM
Company name | Toyota Kirloskar Motor Private Limited |
Equity participation | TMC: 89%, Kirloskar Group: 11% |
Number of employees | Approx. 7, 000 + |
Land area | Approx. 432 acres (approx.1,700,000 m2) |
Building area | 74,000 m2 |
Total Installed Production capacity | Upto 3,10,000 units |
Overview of TKM 1st Plant:
Established | October 1997 (start of production: December 1999) |
Location | Bidadi |
Products | Innova, Fortuner manufactured in India. Prado, Land Cruiser and Prius imported as CBUs. |
Installed Production capacity | Upto 1,00,000 units |
Overview of TKM 2nd Plant:
Start of Production | December 2010 |
Location | On the site of Toyota Kirloskar Motor Private Limited, Bidadi |
Products | Corolla Altis, Toyota Yaris, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid |
Installed Production capacity | Upto 2,10,000 units |