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Toyota Shatters Records with 28% Surge in FY24-25—Hybrid Power, SUV Craze Drive Landmark Year

Bangalore, 01 April 2025 – In a historic achievement, Toyota Kirloskar Motor (TKM) has posted its best-ever fiscal performance in India, clocking a remarkable 28% growth in vehicle sales for FY24-25. The company sold a record 3,37,148 units, surpassing last year’s 2,63,512 units and solidifying its upward trajectory in one of the world’s most dynamic auto markets.

The sales momentum carried through to March 2025, with 30,043 units sold, an 11% year-on-year growth, further reinforcing the automaker’s strong foothold in the Indian market. Of these, 28,373 units were sold domestically, while 1,670 units were exported—underscoring Toyota’s rising influence as both a domestic and global player.

Key Growth Catalysts: Power, Preference, and Presence

At the heart of this growth were SUVs and MPVs, which saw a 35% jump in sales—driven by rising consumer preference for rugged, feature-packed models suited to Indian roads. Export numbers also saw a substantial 59% surge, with India increasingly playing a strategic role in Toyota’s global production and supply chain.

Toyota’s expansion into Tier II and III cities paid dividends, making the brand more accessible to new customer segments. Initiatives like T CARE, T GLOSS, and the Toyota Mobility Solutions arm for pre-owned vehicles further enhanced the ownership experience, making it both seamless and value-driven.

Dynamic Line-Up Steals the Spotlight

New launches and refreshed editions kept the portfolio buzzing with excitement. Models like the Urban Cruiser Taisor, Camry Hybrid, and the Land Cruiser 300 (LC300) garnered strong market response, while the Urban Cruiser Hyryder and Innova Hycross achieved landmark sales milestones—proving customer trust in Toyota’s hybrid and multi-utility innovations.

Leadership Speaks: Confidence in the Road Ahead

Varinder Wadhwa, Vice President – Sales, Service, Used Car Business & Profit Enhancement, reflected on the milestone:

“This growth is a testament to the consistent appeal of our hybrid SUVs and MPVs, along with a surge in exports and our deepening footprint in emerging cities. Our customer-first strategy, supported by initiatives like T CARE, has been pivotal in strengthening lifetime value. As we move forward, we remain committed to innovation, sustainability, and enhancing the overall mobility experience.”

With its strongest fiscal yet behind it, Toyota Kirloskar Motor is poised to accelerate its sustainable mobility journey, navigate rising competition, and continue reshaping what Indian consumers expect from their cars.

Sales Performance:

TimeframeApril ‘24 – March ‘25April ’23 – March ‘24Growth
FY 3,37,148 units2,63,512 units28%
TimeframeMarch 2025March 2024Growth
Y-o-Y30,043 units27,180 units11%
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