Toyota Motor currently holds an 89% stake in Toyota Kirloskar Motor, with the remainder owned by the Kirloskar Group. The Indian arm’s portfolio includes popular models such as the Innova, Hyryder, Fortuner, Hilux, Camry and Glanza. Over nearly three decades, Toyota has built up a 7.2% share of the domestic passenger vehicle market, according to reports.
Should the IPO plan materialise, India would join the ranks of countries such as the US, UK and Germany where the world’s largest carmaker is already listed. It would also make Toyota only the second international carmaker to be traded on Indian bourses, after Hyundai Motor India Ltd.
Meanwhile, Toyota Kirloskar Motor has been enjoying strong financial performance. As reported by Autocar Professional, the company posted its best-ever results in FY25, with a consolidated net profit of Rs 5,672 crore, an 18.5% jump from Rs 4,787 crore in FY24. Operating revenue climbed 16.2% to Rs 64,895 crore, supported by higher sales of hybrid models and expanded production. Profit before tax rose 23% to Rs 6,494 crore, while dividends surged to Rs 3,576 crore, more than five times higher than the previous year, reflecting strong cash flows.
Toyota Kirloskar also registered sales of 34,236 units in August, marking an 11% year-on-year growth, reported the company.
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