Saturday, May 18, 2024

Toyota Kirloskar Motor Achieves Record-breaking Sales in Fiscal Year 2023-24 and March 2024


Toyota Kirloskar Motor Records Its Best-ever Financial Year and Monthly Wholesales by clocking 2,63,512 and 27,180 units respectively

In an outstanding display of sales momentum, Toyota Kirloskar Motor (TKM) has achieved remarkable milestones in its fiscal year performance and monthly wholesales, setting new records in the automotive industry. The company witnessed a significant surge in sales volume during the fiscal year 2023-24, reaching an impressive total of 2,63,512 units. This achievement represents a robust 48% growth over the previous fiscal year’s sales, which tallied at 1,77,683 units for FY22-23.

The month of March 2024 also saw TKM achieving substantial growth, with the company selling 27,180 units, marking a 25% increase compared to the 21,783 units sold in March 2023. The domestic sales during this month accounted for a lion’s share of 25,119 units, while exports contributed a total of 2,061 units.

The remarkable growth momentum TKM has experienced is a reflection of the company’s steadfast dedication to understanding and catering to the diverse needs and preferences of its customers. With a strategic emphasis on customer orientation, Toyota has not only managed to stay ahead in assessing market trends but has also succeeded in offering a wide array of quality products and services that resonate with consumers across various segments.

Speaking on this achievement, Mr. Sabari Manohar, Vice President of Sales-Service-Used Car Business at Toyota Kirloskar Motor, expressed his excitement over the record-breaking wholesales figures for the fiscal year 2023-24 and March 2024. He emphasized the company’s ongoing commitment to placing customers at the heart of its operations, stating, “We are thrilled to close both our wholesales for 2023-24 fiscal year and March 2024 by recording the highest ever units of 2,63,512 and 27,180 respectively. With a customer-oriented approach, we have always remained ahead in assessing and understanding the diverse needs of our varied customers and market trends, serving them the best with our wider range of quality products and services.”

Mr. Manohar further highlighted the company’s plans to continue enhancing its focus on customer centricity, aiming to foster even closer relationships with customers through both its products and services. By improving customer touchpoints and ensuring a delightful ownership experience, Toyota Kirloskar Motor aspires to meet the rising consumer demands across different segments, further solidifying its position as a market leader in the automotive industry.

Toyota’s record-breaking sales achievements in the fiscal year 2023-24 and March 2024 are a testament to the company’s unwavering commitment to innovation, quality, and customer satisfaction. As TKM continues to adapt to evolving market demands and reinforce its customer-centric approach, it sets a promising trajectory for continued growth and success in the years to come.

Jordan Clark
Jordan Clark
Jordan Clark brings a dynamic and investigative approach to business reporting. Holding a degree in Business Administration and a certification in Data Analysis, Jordan has an eye for detail and a knack for uncovering the stories behind the numbers. His career began in the bustling world of Silicon Valley startups, giving him firsthand experience in tech entrepreneurship and venture capital. Jordan's reports often focus on technology's impact on business, startup culture, and emerging

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