Toyota Kirloskar Motor sells 20,759 units in July, new models drive growth

Toyota Kirloskar Motor (TKM), which is riding a fresh and sustained wave of demand for its cars, SUVs and MPV, has reported domestic market wholesales of 20,759 units in July 2023, an increase of 5% (July 2022: 19,693 units). 

Month-on-month, sales are up 14% on June 2023’s 18,237 units. TKM’s July numbers are its best monthly sales in the fiscal year to date (see data table below). For the first four months of FY2024, cumulative sales at 71,653 units are up 17% year on year (April-July 2022: 61,116 units).

Combined domestic and export market sales at 21,911 units in July 2023 are TKM’s best-ever monthly sales yet and set a new benchmark for the Japanese manufacturer. Commenting on last month’s numbers, Atul Sood, Vice-President of Sales & Strategic Marketing at Toyota Kirloskar Motor, said: “We are witnessing an overwhelming response to our entire product range including the Urban Cruiser Hyryder, Innova Hycross, Fortuner, Legender, New Innova Crysta, Camry and also the versatile Hilux."

He added, "The new Glanza also continues to woo a fresher set of customer base for Toyota. Given the mid-year sales trend and the favourable demand sentiments, coupled with our increase in production by adding a third shift operation, we are confident of recording one of our strongest years in the country. We are also keenly looking forward to a good festive season and gearing up to meet the further surge in demand.”