Toyota Kirloskar Motor Sells More than 2.33 Lakh Units Last Year

Toyota Kirloskar Motor (TKM), one of the largest automobile companies, saw its wholesale sales grow by 46 percent to around 2.33 lakh units last year. Models like the company’s Fortuner and Urban Cruiser Hyryder have helped boost its sales.

TKM’s sales in the country in December stood at 22,867 units, an increase of around 119 percent. The company has SUVs and MPVs as well as the hatchback Glanza. It recently launched the MPV Rumion. The company said that its growth has been strong and customers’ interest in its products is increasing. TKM has also increased its production capacity. It has informed about investing around Rs 3,300 crore in setting up a third factory in Karnataka. This factory will provide employment to around 2,000 people. This Japanese company is planning to increase its production in the country. It has two factories in the country with a capacity of around 3.42 lakh units per year.

Recently Toyota Motor Corporation achieved a significant milestone. Company Almost 88 years after manufacturing its first vehicle Model G1 truck, Toyota has crossed the total manufacturing figure of 30 crore vehicles. This includes vehicles manufactured in the company’s factories in Japan and other countries. In September this year, Toyota achieved the figure of manufacturing 30 crore cars. Of these, the company has manufactured more than 18 crore units in its factories located in Japan and several other countries. Of these, Corolla has the highest number of units with more than 53 crore units. It is among the most popular cars across the world.

in the last few years Toyota Challenges have increased for Toyota including electric vehicles (EV). In terms of production volume, this world’s largest car maker dominates the passenger vehicle segment in the international market, but the company’s sales in India are not high. Its models like Fortuner have a large share in their segment but it is weak in the small car segment. Recently, Toyota had demanded the central government to reduce tax on hybrid cars. The company argues that hybrid cars cause less pollution than petrol-powered cars.