Clocks a cumulative growth of 107% in the first half of 2021 when compared to the same period last year
Bangalore, 1st July 2021: Toyota Kirloskar Motor today announced that the company sold a total of 8801 units in the month of June 2021, thereby registering a growth of 128% when compared to the domestic sales in the month of June 2020. Having resumed production at its plant on June 15th, the company has been focusing on catering to the pending orders of customers. TKM’s plant at Bidadi in Karnataka was shut owing to a scheduled annual plant maintenance starting 26th April, which was then further extended as a result of the state-wide lockdown was announced by the Govt. of Karnataka. For reference, TKM had reported wholesales of 3866 units in the month of June 2020 and 707 units in the month of May 2021. The cumulative wholesales of TKM in the first six months of the calendar year 2021, stands at 59332 units when compared to 28686 units sold in the corresponding period last year, thereby registering a growth of 107%.
Wholesales June 2021 2020 Month on month Growth
Domestic 8801 3866 128%
Cumulative Wholesales Jan- June 2021 2020 YTD growth
Domestic 59332 28686 107%
Commenting on the monthly sales, Mr. Naveen Soni, Sr. Vice President at TKM said, “Having resumed production with a 50% workforce last month after the gradual unlock in the state of Karnataka, our immediate goal was to cater to the pending orders of our customers. Although our dispatches only began by the third week of June, we have been able to register a 128% growth over domestic sales in June 2020. In terms of demand, we are witnessing good traction in the market arising out of ‘pent up demand’ and thereby leading to good levels of enquiries and new customer orders. We also anticipate retail sales to be better in the coming months, provided that the pandemic doesn’t pose newer challenges at us.
Having said that, we must bear in mind the fact that, relaxation of restrictions across states have not been uniform and hence the process of unlocking has been gradual and intermittent. Accordingly, our dealerships have been opening up sporadically and amidst various restrictions, including limitations pertaining to the number of manpower working at a time as well as the manhours of work they put in. Here, we must also take into consideration the fact that not just the auto industry, but as a country we are now coming out of a very difficult phase and it will take some time for the industry and the market to bounce back. Moreover, we are also focusing on vaccinating both our employees as well as their families and extending our support to have our dealer and supplier staff vaccinated too, so as to ensure lower risk & severity of infections. In fact, companywide, 96% of our employees have received their first dose of vaccination and we are in the process to complete vaccination for all our employees, including the ones ‘working from home’, concluded Mr. Soni.
Overview of TKM:
Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Systems Limited (Mr. Vikram S. Kirloskar): 11%
Number of employees Approx. 6,500
Land area Approx. 432 acres (approx.1,700,000 m2)
Building area 74,000 m2
Total Installed Production capacity Up to 3,10,000 units
Overview of TKM 1st Plant:
Established October 1997 (start of production: December 1999)
Products Innova, Fortuner manufactured in India.
Vellfire imported as CBU
Installed Production capacity Up to 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 Toyota Yaris, Camry Hybrid
Installed Production capacity Up to 2,10,000 units