Toyota Kirloskar Motorregisters 10% growth in domestic market in November 2016

Bangalore, December 1st, 2016– In the month of November 2016, Toyota Kirloskar Motor sold a total of 11,309 units in the domestic market registering a growth of 10% when compared to the same period last year. The company also exported 1284 units of the Etios series in November 2016 clocking a total of 12,593 units. Toyota Kirloskar Motor had sold 10,278 units in the domestic market and exported 1,110 units of Etios series in November 2015.

Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing, ToyotaKirloskar Motor said“November has been a very exciting month for us as we launched one of the most anticipated products of the year- the all new Fortuner. We are overwhelmed by the response it has received with over 6200 bookings already. This has also encouraged us to meet the demands and expectations of our customers as we have shipped close to 2500 units of the new Fortuner to our dealerships across the country. The sale of new Fortuner has almost doubled this month when compared to the same period last year.

 

The Innova Crysta and the Platinum Etios have also done really well this month with the Crysta clocking more than 50,000 units in just six months of its launch in India. Considering that the Innova Crysta falls in the premium MPV segment, achieving 50,000 units is a very important milestone for us and we would only like to pass on our gratitude to the customers who have made it possible.

 

However, demonetization has had its impact on our sales as it has effected customer walk-ins at dealerships, order bookings and timely deliveries. This will pose as a major challenge in the upcoming days as the customers are still dealing with the effects of demonetization. Just to help our customers during this phase, we have introduced various cashless schemes like 100% on road funding, payments through E Wallet and Pay TM to ensure smooth & hassle free buying experiences. We thank our customers for their patience and understanding”, continued Mr. N. Raja. 

Overviewof 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, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid

Installed Production capacity

Upto 2,10,000 units


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