Milestone underscores the growing customer confidence and the company’s accelerating shift toward sustainable mobility
Records an impressive 30,043 units sold in March 2025, reflecting sustained market momentum.
Bangalore, April 2025: Toyota Kirloskar Motor (TKM) today announced its highest-ever sales in a financial year, marking a key milestone in the company’s growth journey in India. For FY24-25, TKM sold 3,37,148 units, recording a double-digit growth of 28% compared to 2,63,512 units sold in FY23-24. This achievement reaffirms the success of TKM’s long-term vision, built on a customer-first philosophy and a versatile product lineup.
The company also reported strong sales in March 2025, with 30,043 units sold, registering a growth of 11% over the same period last year when 27,180 units were sold. Of the total sales in March 2025, domestic sales accounted for 28,373 units, while exports contributed 1,670 units—further highlighting comprehensive growth across segments.
Behind the Milestone: Key Drivers of TKM’s Success in FY24-25
SUV and MPV sales jumped by 35% reflecting strong demand for models tailored to Indian driving preferences.
Export growth surged by 59% affirming India’s growing stature as a strategic manufacturing and export base for Toyota globally
Stronger presence in Tier II & III cities, enhancing accessibility and getting closer to customers
Customer experience was further elevated through holistic ownership solutions such as T CARE and T GLOSS and the expansion of the Toyota Mobility Solutions and Services in the space of pre-owned car
A refreshed, dynamic product mix — including the Urban Cruiser Taisor, Camry Hybrid, and exclusive editions across the portfolio — continued to capture evolving customer expectations
Milestone models like the Urban Cruiser Hyryder and Innova Hycross crossed significant sales benchmarks, reinforcing trust in Toyota’s core product values
Recent launches of The LC 300 and new Camry Hybrid continues to win hearts and add to the growing sales numbers
Commenting on the strong performance, Varinder Wadhwa, Vice President, Sales-Service-Used Car Business & Profit Enhancement said, “The 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.”
Sales Performance:
Timeframe
April ‘24 – March ‘25
April ’23 – March ‘24
Growth
FY
3,37,148 units
2,63,512 units
28%
Timeframe
March 2025
March 2024
Growth
Y-o-Y
30,043 units
27,180 units
11%
Overview of TKM
Equity participation
Toyota Motor Corporation (Japan): 89%, Kirloskar Systems Limited (India) : 11%
Number of employees
Over 6,500
Land area
Approx. 432 acres (approx.1,700,000 m2)
Building area
74,000 m2
Total Installed Production capacity
Up to 3,42,000 units
Overview of TKM 1st Plant:
Established
October 1997 (start of production: December 1999)
Location
Bidadi
Products
Innova HyCross, Innova Crysta, Fortuner, Legender manufactured in India.
Installed Production capacity
Up to 1,32,000 units
Overview of TKM 2nd Plant:
Start of Production
December 2010
Location
On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products
Camry Hybrid, Urban Cruiser Hyryder, Hilux
Installed Production capacity
Up to 2,10,000 units
Other Toyota Models: Glanza, Rumion, Urban Cruiser Taisor
Imported as CBU: Vellfire, LC 300
