Toyota Kirloskar Motor Registers 21% Growth in the month of January 2017
In the month of January 2017, Toyota Kirloskar Motor registered a 21% growth in domestic sales and 22% growth in overall sales when compared to the sale in January 2016. TKM sold a total of 10,336 units in the domestic market and exported 916 units of the Etios series in January 2017. The company had sold 8,511 units in the domestic market and exported 745 units of Etios series in January 2016.
Commenting on the monthly sales, Mr. N. Raja, Director & Sr. Vice President, Sales & Marketing, Toyota Kirloskar Motor said, “We recorded a 21% growth in sales in January 2017 when compared to the sales in January last year. Three months into demonetization and we can slowly see that the market is reviving with increased footfalls and customer enquiries. In fact, even with demonetization in effect, we have still managed to record a 17% growth in sales in the last three months when compared to the same period last year. This has been possible due to the overwhelming response the new Fortuner and Innova Crysta have received and we would like to thank our customers for the same”.
Overview of TKM
|Company name||Toyota Kirloskar Motor Private Limited|
|Equity participation||TMC: 89%, Kirloskar Group: 11%|
|Number of employees||Approx. 7, 000 +|
|Land area||Approx. 432 acres (approx.1,700,000 m2)|
|Building area||74,000 m2|
|Total Installed Production capacity||Upto 3,10,000 units|
Overview of TKM 1st Plant:
|Established||October 1997 (start of production: December 1999)|
|Products||Innova, Fortuner manufactured in India.
Prado, Land Cruiser and Prius imported as CBUs.
|Installed Production capacity||Upto 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||Corolla Altis, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid|
|Installed Production capacity||Upto 2,10,000 units|