Toyota Made Record of Sales in India, Registers 48 Percent Growth

Toyota Kirloskar Motor (TKM), one of the big automobile companies, has achieved record wholesales in the last financial year. Its sales grew by 48 percent to around 2.65 lakh units. In the previous financial year, it was around 1.77 lakh units. The company’s sales in March grew by about 25 percent to 27,180 units.

In India Toyota The portfolio of TKM includes Glanza to Fortuner Legender. TKM Vice President, Sabari Manohar said, “The company is always at the forefront in understanding the needs of its customers and offers them quality products and services.” In the last financial year, the company has benefited from positive sentiments in the automobile market. The company has strengthened its position in the MPV and SUV segments. Apart from this, it has also made a place in the price category of less than Rs 20 lakh with the mid-size SUV, Urban Cruiser Hyryder.

last month Company The sales of the MPV Innova Hycross crossed 50,000 units since its launch. Its price ranges from Rs 19.77 lakh to Rs 30.68 lakh (ex-showroom). The company is offering a warranty of three years or one lakh kilometres with it. It is also available in a hybrid version. Its petrol engine can generate a maximum power of 174 PS and a peak torque of 205 Nm. Its petrol hybrid engine generates 186 PS and a peak torque of 206 Nm. Its mileage is claimed to be 21.1 kmpl. The Innova Hycross with petrol engine is available in two variants – G and GX.

TKM plans to set up its third plant in the country in Karnataka. This can increase the company’s production capacity by one lakh units. An investment of about Rs 3,300 crore will be made in this plant to be built in Bidadi, Karnataka. This plant will provide employment to about 2,000 people. The company plans to increase its production in the country. It has two plants in the country with a capacity of about 3.42 lakh units per year. Masahiko Maeda, Chief Operating Officer of Toyota’s Asia Region, had said that the country’s market is very important for the company. The new plant will also help the company to increase its sales in the country.