Toyota Kirloskar Motors has been facing a lot of challenges this year. The recent plant shut down due to the manpower unrest and supply constraints had put the numbers in the recent past to below par levels.
This February the company seems to get its act together.
Last year February saw a volume of 10,352, whereas this Year the volumes have come up to 14,075. The growth for the month of February 2021 is about 3,723 numbers.
The last time the company had hit these volumes was more than years back, in August 2018 when they hit 14,138. This is about a period of 30 months back.
If we compare the volumes against last month January 2021, the volumes stood at about 27% growth.
MARUTI SUZUKI'S SHARE IN TOYOTA
Maruti Suzuki has contributed to about 5,500 odd units. Which is a growth of more than 100% against LY same time.
[ A detailed report on the trend will be available on our website this week, which will give great insights to the readers on Maruti's role in Toyota's volumes ]
Naveen Soni, Sr. Vice President at TKM said, “We started the year on a positive note and the trend continues as we close the second month of the year, clocking a growth of 36%. Wholesales have been very encouraging and we are witnessing a high influx of customer orders month on month, thereby both significantly contributing to the growth story. In fact, sales in February have been better than sales in January, thus helping us register a 27% growth in wholesales. Moreover, new launches like the new Fortuner & Legender introduced in January and the new Innova Crysta launched in November 2020, have received a phenomenal response and have also been contributing to a significant increase in both customer enquiries as well as customer orders. Here, we would like to thank our customers for their relentless trust & faith in the brand”.
The trend in March also seems positive, with the pent-up demand for all their cars being available, the volumes are bound to grow from here on.