[Venkatesh]

Toyota India sold 15,378 units in September 2022, a growth of 66% compared to September 2021.

April-September 2022 has seen a growth of 68% compared to the same period last year.

Link

[Venkatesh]

TKM announced that the company sold a total of 13,143 units in the month of October 2022.

- For reference, TKM had sold 12440 units in the month of October 2021.

- TKM registered a growth of 6% in the month of October 2022, over wholesales in October 2021.

- Registers a growth of 56% in wholesales from April to October 2022 when compared to the corresponding period last year

Source

[volkman10]

Toyota Kirloskar to operate at full capacity in FY2024, to produce over 300,000 units.

- Over 56% sales growth in the first seven months of FY2023
- 100,000-plus bookings for the midsize SUV (+ Grand Vitara)
- Bullish on demand for the new Innova HyCross MPV
- Toyota India set to double its output in FY2024
- In the case of Toyota Kirloskar Motor, the strong hybrid variants account for almost 70% of its total orderbook, whereas for Maruti Suzuki it was about a third of its total booking numbers so far. (Mid SUV)
- Hycross to be shared with Maruti Suzuki
- Maruti Suzuki will be allocated about 20 percent of the production volumes of the new HyCross for Maruti Suzuki to dip its toes in the premium MPV market.

with the incremental volumes of the Hyryder SUV and the new HyCross MPV slated to be launched in January 2023, the company is set to close FY2023 with an output of 150,000 to 160,000 units. This is set to double to 300,000 units in FY2024, with the combined volumes of Hyryder, HyCross and the Innova Crysta.

Vikram Kirloskar, vice-chairman of Toyota Kirloskar :

We have never operated like this. On some days when the supply chain is good, we have produced 1,200 cars a day. Definitely, we will be able to utilise both the plants fully. We are hoping that in the next 6-8 months, supply chain issues from China settle down.

Until we really see a sustained demand in the marketplace or economy, we will keep working on technology but not on inherent capacity addition. We will do complete efficiency improvement. After running full capacity, there is always room for improvement. We started with producing 20,000 units of the Qualis from the same plant, today we are making 100,000 units. So, we will keep improving

Link

[har_war_09]

Did Toyota reveal the number of bookings they have received for Hycross till date?

[trail_lover]

To properly analyze Toyota's future plans in India, it is useful to look at the history of this company in India. Until a few years back, when the announced collaboration with Suzuki, they were always a company which was cat-on-the-wall. Some suspected they might close down in India, because of over-dependence on just two-models Innova and Fortuner. Such reasoning also induced by Ford and GM leaving India all of a sudden.

1. Toyota has always been very conservative on its investments in India, and has never been a risk taker in this aspect. When the Toyota Qualis first came to India, already USED dies, jigs, and fixtures of the Kijang were shipped to India to commence production. They did this to test the waters.

2. Later on after the Qualis was well received and became a success, they brought in the Innova but it was not a model developed exclusively for India. Other countries such as Indonesia had it. So the return of investment was shared across markets, and all their eggs weren't in one basket. Again, very intense risk aversion.

3. In my personal opinion, Innova became the "Cash-cow" of Toyota in India. They took a very long time to break-even in India with revenue mainly from Innova and Fortuner. In my personal opinion, Innova has always been overpriced due to its monopoly and demand in the market, and the taxi segment's strong support. Just compare the Mahindra Marazzo's pricing, and specifications with Innova, and you will start understanding how much the Innova is being "upsold".

On the flip side, all of Toyota India's eggs were in the Innova basket, and it still remains so. Toyota still tries to makes the India story profitable by exporting automobile components it makes in India for international models.

4. The Etios the first model developed exclusively for India, took a very long to time to pay-back on investment due to its lower volumes. It did not meet the anticipated business case in the expected time frame. Due to this, Toyota never did a major refresh, for instance, the interior trims and feature list. The product remained static with no significant refreshes, and price was high when compared to Hyundai and Maruti Suzuki.

5. Part of the reason for the so-so performance with Etios and Yaris was that their product planning was not up to the mark. For instance, when the world was migrating towards SUVs, BIG TIME, they launched the Toyota Yaris sedan. It was almost dead on arrival and discontinued very soon.

6. At first it looked like their tie-up with Maruti Suzuki was to keep the cash-counters at their dealerships ringing, by boosting up their volumes sold. In an industry which is already highly strained on profit margins per car, what margins will Toyota make after buying the cross-badged cars from Suzuki?

7. Only in 2022 after so many years, has Toyota started doing vice-versa by making and selling cars to Maruti Suzuki, by whole-heartedly making a large investment. But that too, Toyota which is the amongst the Top 3 automakers worldwide, is heavily reliant on a OEM, Suzuki in India, which finds itself in the bottom of the OEM list worldwide. (in terms of revenue).

8. Although they are the largest car makers in the world, when comparing other OEM like Hyundai, Kia, VW group, Mahindra etc. in India, what has Toyota done to boost the excitement for the Indian customer? VERY LITTLE.

Comparatively, Toyota India models have just been plain vanilla, overpriced models that failed to entice the middle-class. Their quality, durability and reliability (QDR) didn't entice customers because the average person owns a car for just 5 to 7 years, and so QDR loses its significance when other OEM have upgraded their quality significantly for the real-world car life-cycle.

Sure every large company exists for profits, but Toyota in India didn't take any risks, profitability took the front seat, entrepreneurial spirit and innovation took a back seat at Toyota India. In many media articles I have read the company pointing fingers at the Govt of India for high taxation on automobiles, while their competitors chose to do the BEST INNOVATIVELY within the available constraints!

India is a very challenging market, agreed, but what happened in the past was not expected from a large company like Toyota.

What did smaller companies like Hyundai & Kia do correctly, that TOYOTA India DID NOT DO? Think about this and you get the answer.

I'm not so excited about Toyota's future in India, although I myself am an owner of a Toyota Glanza.

[Venkatesh]

Toyota Kirloskar Motor Announces the Inauguration of its first Regional Stockyard in Northern India.



New stockyard at Faruknagar in Haryana promises quicker delivery of vehicles delighting customers across seven states in North India.

Ensuring a leaner and efficient distribution network across the region, the strategically located stockyard will reduce delivery time from the current 6-8 days to a maximum of two days for dealers in Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal Pradesh, Uttaranchal and Jammu & Kashmir.

Furthermore, the Faruknagar stockyard will aid in speed, flexibility, cost reductions and more importantly CO2 reduction for, as dispatches from the TKM plant to the stockyard will be maximised through trains journeys. Currently, 60% of total TKM dispatches take place through trains and our aim is to increase the same to 80%, while being able to deliver 5,000 vehicles per month.

Source

[volkman10]

Toyota in fast lane.

- Hybrids gain acceptance, nearly 80% bookings for Hyryder are of the strong Hybrid variant.

-The Innova Hycross too has registered robust demand for the hybrid variants



Going ahead, Toyota will continue to introduce electrified vehicles in the market to shore up volumes sustainably in India. Once renewable energy accounts for a more favourable part of the energy mix and charging infrastructure for electric cars comes up across the country, the company will examine opportunities to bring in pure electric vehicles.

With around 70% of the electricity in India generated from coal-based power plants, TKM feels EVs currently are not an optimal solution to reduce vehicular emission in the market here.

Link

[Venkatesh]

Toyota GR Corolla hatchback to be showcased at Auto Expo 2023.

- The GR Corolla will be the first showcase of any GR-badged model in India.

- While an India launch is not on the cards just yet, Toyota could use this opportunity to gauge people's interest in GR models.

Source

[Gautham_v6]

Originally Posted by Venkatesh

Toyota GR Corolla hatchback to be showcased at Auto Expo 2023

Nothing but just a marketing ploy.

Toyota could have taken the opportunity to bring back Corolla/Corolla GT or RAV-4 or any of their popular cars in US atleast 3-4 years back in India. The current range in India is unimpressive (Except that it's the only mainstream brand that has Hybrid cars at decent pricing).


Sorry for Going off-Topic, but auto expo is used not just to showcase actual cars for India but to also to conduct surveys on cars, that would not make it to India forever at all. All we get is a decent car that just serves the purpose and nothing legendary.

Mods , please feel free do delete/ modify my post if it is off topic or not in sync with actual discussion.

[Brumby]

Originally Posted by Gautham_v6

Sorry for Going off-Topic, but auto expo is used not just to showcase actual cars for India but to also to conduct surveys on cars, that would not make it to India forever at all. All we get is a decent car that just serves the purpose and nothing legendary.

On a lighter note, they do take customer feedback seriously, that's the reason we have a "Fortuner Legender"

[Gautham_v6]

Originally Posted by Brumby

On a lighter note, they do take customer feedback seriously, that's the reason we have a "Fortuner Legender"

Quite agree on this, though it is only limited to their best selling cars mostly. Fortuner is their bread and butter car, hence they can bring multiple editions if needed.

My point here is Most automotive brands (Except for few companies like Maruti / Tata, though Tata skipped Hexa safari and camo series and Racemo for reasons best known to them ) showcase cars as concepts or existing ones from their global portfolio and due to tax structure in India, the development becomes non feasible or mostly manufacturers seldom care to bring other cars in India.

I was hopeful that Honda would bring the Civic Facelift (2021) to India, but then they skipped it. This should have come in place of accord atleast.

[Black_Star]

- While an India launch is not on the cards just yet, Toyota could use this opportunity to gauge people's interest in GR models.

I think Toyota has gauged enough interest with GR Supra GT Cup and Quiz regarding the overall GR models and race events. I even got a call regarding that from Toyota, stating that I have won a PS4, but nothing after that. So where is my PS Toyota??

[DicKy]

Originally Posted by Venkatesh

Toyota GR Corolla hatchback to be showcased at Auto Expo 2023.

First GR badged model? Fortuner GR-S be like, "Am I a joke to you?" Not to say we also got the 'TRD' Fortuner.

Both the GR Yaris and GR Corolla are dream ones for me, atleast they grace the Indian soil by displaying it at the Auto Expo. No way they are going to launch it here when the GR models have huge backlogs the world over. Maybe launch a Hycross GR the coming festive season!!!

Though looking at the Hycross pricing, maybe TKM has changed for the better?

[Brumby]

What I understand is that we, the Indian customers are very price sensitive. We want maximum value for the money that is being put into a car purchase.

Taking the example of Singapore, they probably are the most expensive country in terms of car ownership, still almost every car manufactured on the planet is available for purchase and you can see all sorts of cars on the streets of Singapore.

So it's very fair on car manufacturers' part not to have their complete range available for sale in India. For India, only the ones which can be assembled or manufactured with a justifiable price tag are on sale.

There is a reluctance on part of car manufacturers to have the international products available for purchase if someone is interested.

It would be really nice if the products showcased at the expo were available for purchase from the manufacturers as CBU with full after sales support.

[DicKy]

Originally Posted by Brumby

Taking the example of Singapore, they probably are the most expensive country in terms of car ownership, still almost every car manufactured on the planet is available for purchase and you can see all sorts of cars on the streets of Singapore....So it's very fair on car manufacturers' part not to have their complete range available for sale in India. For India, only the ones which can be assembled or manufactured with a justifiable price tag are on sale....It would be really nice if the products showcased at the expo were available for purchase from the manufacturers as CBU with full after sales support.

Well, the cons of being a car producing nation . Even the greatest car market (USA) is not able to escape from that disadvantage.

But Toyota isn't even using the 2500/year import quota!!! Look at the VAG twins! And it is not that Toyota is a stranger to CBUs. Many of their dealers used to even unofficially import and service CBUs for you if you have the requisite gandhis.