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Toyota Kirloskar Motor Reports Record Sales In FY24-25: Shocking Numbers Revealed
Toyota Kirloskar Motor (TKM) has achieved its highest fiscal performance ever in FY24-25, with sales reaching 3,37,148 units. This marks a significant 28% increase from the previous fiscal year's sales of 2,63,512 units. In March 2025 alone, Toyota saw a sales jump of 28%, with 30,043 units sold, an 11% rise from the same month last year, where sales were at 27,180 units. The company's export figures also saw a boost, with 1,670 units shipped.
The surge in Toyota's sales is largely attributed to the popularity of its SUVs and MPVs, which saw an impressive 35% growth. This uptick is part of a broader trend where Indian manufacturing is becoming a critical part of Toyota's global supply chain, evidenced by a 59% increase in export growth. Toyota has capitalized on this momentum by broadening its reach into Tier II and III cities, thereby enhancing customer accessibility and engagement.
"Toyota's growth has been fuelled by the strong and consistent adoption of SUVs MPVs and hybrids, further reinforced by robust export momentum and deeper engagement in Tier II and III cities—highlighting the increasing relevance of our diverse product portfolio. Our multi-pathway approach, complemented by customer-centric initiatives like T-CARE has empowered us to deliver meaningful value at every stage of the ownership journey. This, in turn, has created strong opportunities for us while establishing a solid foundation for the coming year, even amid intensifying competition and rising consumer expectations," said Varinder Wadhwa, Vice President, Sales-Service-Used Car Business & Profit Enhancement.
In response to evolving customer needs, Toyota has revamped its product lineup with the introduction of models like the Urban Cruiser Taisor, Camry Hybrid, and special editions across its range. The brand's latest offerings, such as the LC 300 and the new Camry Hybrid, have been well-received. The Urban Cruiser Hyryder and Innova Hycross, in particular, have seen high demand, reinforcing Toyota's position in the market.
To enhance the customer experience, Toyota has introduced comprehensive ownership solutions like T CARE and T GLOSS, along with the expansion of Toyota Mobility Solutions and Services in the pre-owned vehicle sector. These initiatives aim to provide a more satisfying and holistic ownership experience for Toyota customers.
Furthermore, Toyota is setting up its first research and development center in India, planning to grow its team from 200 to 1,000 engineers by 2027. This expansion demonstrates Toyota's commitment to India as a key center for clean technology development and aligns with its partnership with Suzuki, further solidifying its investment in innovative automotive solutions.
The company's strategic focus on expanding its product range, coupled with significant investments in customer service and the pre-owned vehicle market, has positioned Toyota for continued success. With the establishment of the new R&D center, Toyota underscores its dedication to innovation and clean technology in India, promising an exciting future for the automotive industry.
DriveSpark Thinks
Toyota's record-breaking fiscal performance underscores its strong market position and the successful execution of its strategic initiatives. With a focus on customer satisfaction, technological innovation, and global market expansion, Toyota is well-prepared to face future challenges and opportunities in the automotive sector.
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