There is good news for Toyota Innova Hycross, Hyryder, and Fortuner customers who are awaiting delivery. Toyota India is supposed to grow its assembling plant yield by at least 20-30 percent.
The company produced approximately 1.66 lakh vehicles in FY2023, and this number is likely to nearly double to approximately 3.2 lakh vehicles in the current fiscal year, making it Toyota India Kirloskar Motor’s highest-ever output. Additionally, it will facilitate faster deliveries, which will reduce waiting times.
- Toyota has a large order backlog of over 1,20,000 units
- Innova Hycross, and Crysta combined has around 70,000 bookings
- Third shift to start at Bidadi plant from early next month
Toyota India’s current order backlog
Our sister distribution Autocar Proficient has discovered that Toyota India presently has north of 1,20,000 units yet to be conveyed – its most elevated ever to date since its market passage in India over twenty years prior.
Toyota Kirloskar Motors (TKM) will add a third shift to its Bidadi factory in the suburbs of Bengaluru beginning in the first week of May. This will assist with expanding its Innova, Fortuner and Hycross creation limit from 380 units each day to 510 units, and expand its aggregate limit in India from 3,20,000 to 4,00,000 units for every annum, as per individuals in the loop.
With the holding up period going from 90 days to a year and a half for some Toyota India SUVs, the organization was as of late constrained to stop appointments for the top-end variant of the Innova Hycross. In February 2023, the Innova Crysta was reintroduced as a diesel-only model after production of the model was also halted late last year.
Grand Vitara SUV made by Toyota has a strong order book too
The strong order book for Maruti Suzuki’s Grand Vitara, which is being produced at the Bidadi factory alongside the Toyota Hyryder, also necessitates capacity expansion. Maruti Suzuki had booked 1,40,000 units of the midsize SUV at the end of FY2023, with a waiting period of three to six months.
Up until the time this report was published, no response was received from Toyota Kirloskar Motor to an email seeking confirmation of the expansion of production.
- With 1,73,245 units sold at the end of FY2023.
- Toyota Kirloskar Motor had increased its passenger vehicle market share by 40 basis points to 4.45 percent.
- It was the sole Japanese brand to observe an expansion in a piece of the pie when there is an expanded acknowledgment for local OEMs’ vehicles and SUVs from Goodbye Engines and Mahindra and Mahindra.
Alliance with Suzuki helping Toyota cater to more segments
Toyota India has been able to increase the market that can be sold to by forming a global alliance with Suzuki. Toyota has depended on Maruti’s model – Baleno – which is sold as the Glanza to address the Rs 10 lakh to Rs 15 lakh market. In FY2023, Toyota sold more than 40,000 Glanza hatchbacks.
TKM is likely to acquire two additional models based on the Maruti Suzuki Fronx and Ertiga MPV this year. In exchange, TKM will provide Maruti Suzuki with the Innova HyCross.