Toyota Kirloskar: Auto Industry Growth to Continue

Jaipur, Jul 28 (PTI) Toyota Kirloskar Motor expects growth momentum in the passenger vehicles industry to continue in the second half of the fiscal year despite headwinds, including fuel price hikes, emanating from the West Asia war, according to a senior company official.

The company, which launched the all-new version of its popular pick-up Hilux with prices starting at Rs 31.99 lakh, sees the festive season to drive sales further, Toyota Kirloskar Motor (TKM) Executive Vice President Sales-Service-Used Car Business, Sabari Manohar told reporters here.

"Currently we see a lot of traction in terms of SUVs, and in the coming six months we expect the momentum to be more because we have the festive season coming. Normally we have festive season lined up till Diwali and the New Year, Christmas and New Year. We see a positive momentum at this point," he noted.

Asked what is driving the market despite headwinds such as fuel price hike due to West Asia war, Manohar said, "The choice for the customer is so wide at this point of time. So, still, even though a lot of external factors are being said, the bigger impact is not clear."


Noting that even the company was also very cautious about the market, he said, "But we see that month-on-month, the inquiry as well as the customer arrival at the showroom is still going well. We feel that is giving a positive impact in our sector."

The growth momentum is also being witnessed by other passenger vehicles manufacturers, not just TKM, Manohar said.

On the new Hilux, TKM Deputy Managing Director Tadashi Asazuma said India is witnessing a significant shift in mobility preferences.

Customers are looking for vehicles that go beyond transportation to support diverse lifestyles, professional needs and the pursuit of new experiences.

"At Toyota, we view this as an opportunity to deliver products like the all-new Hilux that empower customers with greater freedom, confidence and peace of mind," he added.