Follow us
How India's SUV fascination is driving Toyota's bottom line in India
Toyota’s Indian subsidiary sees record profits and revenue, driven by hybrid demand and Suzuki alliance. Expansion plans include new plants and regional realignment, as India becomes a strategic hub for Toyota's global operations.
30 Sep 2024
5759 Views
Share -
Backed by strong demand for its hybrid vehicles and incremental output from global alliance partner Suzuki Motor Corporation, Toyota Kirloskar's profits grew by a whopping 240% in the March-ending financial year 2023-24 to ₹4,787 crore or USD 570 million.
The Indian subsidiary of the world's largest carmaker, Toyota Motor Corporation, saw an incremental revenue of ₹22,000 crore in FY24, allowing the top-line to cross ₹50,000 crore for the first time. The total sales during the last financial year was up 66% to ₹56,444 crore or $6.7 billion.
During the year, Toyota Kirloskar more than doubled its production to ...
RELATED ARTICLES
India's Great Tyre Build-Out
Autocar Professional Bureau
05 Oct 2026
India’s tyre makers are entering a Rs 18,000-crore investment cycle as factories run near capacity and demand shifts tow...
Local Powertrain Manufacturing, Product Mix Change Drive 8.9 Percent Net Profit Growth at CNH India
Shahkar Abidi
30 Sep 2026
In-house assembly at Pithampur yields a 20 percent engine procurement cost advantage as global supply chains face headwi...
JCB India Targets Farm Logistics, Bridging the Gap Between Tractors and Backhoes
Shahkar Abidi
29 Sep 2026
JCB India eyes a 20,000-unit addressable agri-handling market to formalize farm-gate logistics with factory-built altern...
