FY2023 is turning out to be a block-buster fiscal for a number of car manufacturers in India. Toyota Kirloskar Motor has announced total sales of 174,015 units in FY2023, which constitutes 41% year-on-year growth (FY2022: 123,770 units).

The fiscal year-ending month of March 2023 with 18,670 units was the best in FY2023 and helped accelerate sales. The fourth quarter (January-March 2023) saw cumulative sales of 46,843 units, up 41% over Q4 FY2022’s 33,204 units.

As per the company, the growth trajectory is reflective of sound market performance for all its products across segments with major contributions coming from the recently launched Innova Hycross, Urban Cruiser Hyryder, New Innova Crysta and the Hilux. 

Commenting on the sales performance,  Atul Sood, Vice-President, Sales and Strategic Marketing, TKM said, “Our new product launches, introduction of newer, greener and advanced technology options and reaching closer to customers enabled us to successfully sustain the continued growth momentum. All variants of the Innova Hycross and Urban Cruiser Hyryder are gaining popularity and the recently introduced Hilux has attracted excellent customer response too. We also opened bookings for the new Innova Crysta Diesel which has strongly contributed to March 2023 sales.”