Registers a 115% growth in cumulative wholesales from January to August in 2021 when compared to the corresponding period in 2020
Wholesales August 2021 2020 Month on Month Growth
Domestic 12,772 5,555 130%
Cumulative Wholesales January – August 2021 2020 YTD Growth
Domestic 85,209 39,627 115%
Bangalore, 1st September 2021: Toyota Kirloskar Motor today announced that the company sold a total of 12,772 units in the month of August 2021, thereby registering a growth of 130% when compared to the domestic sales in the month of August 2020. The cumulative wholesales of TKM for the period January to August 2021 stands at 85,209 units when compared to 39,627 units sold in the corresponding period last year, thereby registering a growth of 115%.
Commenting on the momentum, Mr. V. Wiseline Sigamani, Associate General Manager(AGM), Sales and Strategic Marketing, TKM said, “We are witnessing a steady growth after the second wave and the trend continues in August as well. Customer orders are healthy, and the retail sales have shown an improvement as compared to last month. The segment dominance of Innova Crysta and Fortuner continues, as both the models have recorded good demand and witnessing growing sales in their respective segments. Glanza and Urban Cruiser also continue to garner sustained sales; we are happy to note that both the offerings continue to meet the aspirations of our younger customers. We are thankful to all our customers for their relentless support to the brand and the trust they have shown in our entire range of products.
We expect the positive demand trend to continue due to the resumption of economic activity, uptick in personal mobility and overall improvement in market sentiment. As the festive season draws closer, and to meet the expectation and convenience of our customers, we are making every effort to offer better services, enhance digitalization of our sales operations and reduce delivery time. In the month of August, we launched our ‘Virtual Showroom’ to further enhance customer experience in the new normal. Our constant efforts are to deliver exceptional customer experience across all touch points, and we believe the virtual showroom will enable customers to seamlessly access their favorite Toyota vehicles online” he added.
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