Car Sales Report February 2022 : Toyota
In February 2022, Toyota Kirloskar Motor reported that it had sold a total of 8745 vehicles. In the same month last year, the company sold a total of 14,075 units in the domestic market, resulting in a 37.8% decrease in sales. When we analyse the company’s performance month over month, we can see that revenues have increased by 19% since January 2022.
The manufacturer recently debuted the Hilux pick-up truck for the Indian market, only to announce a few days later that bookings for the vehicle would have to be halted due to excessive demand. Although we have yet to learn the price of the Hilux, there is tremendous demand, which will help Toyota gain traction when markets open up. TKM gets its Urban Cruiser and Glanza models from MSIL, therefore any sales reduction this quarter reflects that. In the meantime, the company has the new Toyota Glanza on the market. With the presentation of the New Maruti Baleno last week, the launch is no longer a long way off.
Toyota official Announcement
TKM’s Associate Vice President of Sales and Strategic Marketing, Atul Sood, commented, “First of all, we would like to thank all our customers for the overwhelming response that the new Camry Hybrid has received, as we have very promising booking orders for the new Camry Hybrid. Similarly, the overall sentiment in the market continues to remain positive as we witness a steady surge in demand trends. This has also led to a consistent rise in order bookings, especially for the Innova Crysta as well as the Fortuner and as a next step, we are looking forward to cater to the pending orders on our side”