Toyota Kirloskar Motor sells 14,959 units in August, up 17%

While the company is having a good run and has increased its UV share, its recent move to temporarily halt bookings of its high-selling diesel Innova Crysta could slow down growth this fiscal.

By Ajit Dalvi calendar 01 Sep 2022 Views icon4558 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Toyota Kirloskar Motor has announced wholesales of 14,959 units in August 2022, which marks 17% YoY growth (August 2021: 12,722 units). The company’s cumulative wholesales in the first five months of FY2023 are 76,073 units, which is a YoY increase of 68% (April-August 2021: 44,998 units).

Commenting on the month’s performance, Atul Sood, Associate Vice-President, Sales and Strategic Marketing, TKM said, “Last month, our segment-leading models like the Innova Crysta, Fortuner and the Legender witnessed unprecedented customer orders. The new Glanza and the Urban Cruiser continue to garner customer interest as well as orders. The Vellfire MPV has performed exceptionally well, registering a growth of close to 120%. Similarly, the Camry Hybrid has garnered very encouraging customer orders.”

Sood added that the initial response for the soon-to-be-launched self-charging hybrid Urban Cruiser Hyryder electric SUV “has been phenomenal”. Meanwhile, the company is working on launch plans for the upcoming Limited Edition Crysta Gasoline.

Upswing in UV share but halt on diesel Innova bookings could impact numbers
In the ongoing fiscal, Toyota Kirloskar Motor has put up a strong show, particularly with its SUVs. With 51,040 UVs sold in the April July 2022 period, it has recorded 112% YoY growth and increased its UV market share to 8.07% from 5.66% a year ago. The popular Innova Crysta MPV with 22,783 units remains its best-seller and accounted for 44% of sales, followed by the Urban Cruiser with 18,677 units and 37%. The butch Fortuner and luxurious Vellfire MPV contributed the balance 9,580 units to FY2023’s first four-month total.

On August 30, TKM issued an official release saying it is to “temporarily stop taking orders for the diesel variant” of the Innova Crysta MPV. The statement did not clarify as to when the diesel variant, which is the best-seller for TKM, will be back on sale. According to dealers, bookings for the Innova Crysta diesel have been halted due to the semiconductor shortage. It is understood that the company will fulfill all bookings it received until early August 2022 for the diesel variant as per the stipulated time, but future bookings are likely to be delayed by a few months. Considering the diesel-engined Innova Crysta is one of TKM’s high sellers, TKM’s growth trajectory this fiscal could be impacted.

 

RELATED ARTICLES
Audi India opens its 20th pre-owned car facility in Indore

auther Autocar Pro News Desk calendar08 Dec 2022

Luxury carmaker continues retail expansion with the 20th Audi Approved: plus  outlet, with two more to be opened before ...

Greaves Electric Mobility to reveal five new EVs at Auto Expo 2023

auther Autocar Pro News Desk calendar08 Dec 2022

The EVs include an all-new electric scooter with a new brand identity and premium design, and an aerodynamic three-wheel...

BorgWarner opens new tech centre in Bengaluru

auther Autocar Pro News Desk calendar08 Dec 2022

New facility to focus on systems software development, fuel handling design and mechanical simulation for IC engines and...