Toyota piggybacks on Maruti for record sales
Financial Express Mumbai|June 04, 2023
IN MAY 2023, Toyota Kirloskar Motor (TKM) sold 20,410 cars (domestic sales of 19,379 units and exports of 1,031 units)-its highest ever wholesales in a single month registering a growth of 110% over 10,216 cars sold in May 2022.Automotive analysts FE spoke with said TKM wouldn't have reached this milestone without the help of Maruti Suzuki.
VIKRAM CHAUDHARY
Toyota piggybacks on Maruti for record sales

Consider this: In May 2023, TKM sold 5,010 units of the Glanza (the rebadged version of Maruti Suzuki Baleno), and 15,400 units of the Urban Cruiser Hyryder, Innova Crysta, Innova Hycross, Hilux, Fortuner, Legender, Camry and Vellfire (Toyota's'own' cars).

It's been five years since Toyota Motor and Suzuki Motor agreed to start discussing new joint projects in the fields of technological development, vehicle production and market development (on May 28, 2018). The same mutual day they announced supply of vehicles for the Indian market to benefit both TKM (the joint venture between Toyota and Kirloskar Group) and Maruti Suzuki (the Indian arm of Suzuki). The first car under that joint venture was the Glanza (launched on June 6, 2019), and the second was the the Urban Cruiser (rebadged Brezza, launched on September 23, 2020).

Diese Geschichte stammt aus der June 04, 2023-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der June 04, 2023-Ausgabe von Financial Express Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS MUMBAIAlle anzeigen
Financial Express Mumbai

Murdoch ally helps Ambani build media empire in India

SOHEE KIM PR SANJAI

time-read
3 Minuten  |
April 18, 2024
Financial Express Mumbai

Pandya, Dube & Rinku: Can they finish for India at T20 World Cup?

GOING INTO THE 2022 T20 World Cup in Australia Dinesh Karthik was assigned the finisher role and the batting lineup was built accordingly.

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

Nestle adds sugar to infant milk and cereal, finds report

A NEW REPORT has revealed that Nestle, the world's largest consumer goods and manufacturer of baby formula, is adding sugar to infant milk and cereal products sold in India, and other Asian, and African countries.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

India-made Daimler's electric mini truck to hit the road soon

INDIA WILL BE host to German trucking giant Daimler's only electric vehicle plant outside of Europe and Japan when it launches a locally-made electric light cargo truck in FY25.

time-read
2 Minuten  |
April 18, 2024
Samsung eyes ₹10,000 cr from India TV biz this year
Financial Express Mumbai

Samsung eyes ₹10,000 cr from India TV biz this year

SOUTH KOREAN GIANT Samsung is targeting a turnover of ₹10,000 crores for its television business in India this year, driven by growth in sales of its mid to-premium segment models, said Mohandeep Singh, senior VP, consumer electronics business in India.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Microsoft AI Copilot speed boost for coding

WHEN SOFTWARE DEVELOPER Nikolai Avteniev got his hands on a preview version of Microsoft's Copilot coding assistant in 2021, he quickly saw the potential.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

US, China debt pose risks for global public finances: IMF

THE WORLD's TWO great economic rivals, China and the US, will drive much of the increase in global public debt over the next five years, with US spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund said in a report.

time-read
1 min  |
April 18, 2024
Financial Express Mumbai

Language models in consumer tech

This move is designed to ensure better user experience & privacy

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

'Data centres' energy use doubles every four years'

Data centres are significant energy consumers, using about 2% of the world's power and emitting carbon dioxide equivalent to the airline industry.

time-read
2 Minuten  |
April 18, 2024
Financial Express Mumbai

Vi FPO: Foreign players invest big; about ₹5,400 crore raised

GQG, Fidelity buy almost 40% of the anchor investor portion

time-read
1 min  |
April 18, 2024