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Toyota Kirloskar to hike vehicle prices from January

Toyota Kirloskar to hike vehicle prices from January

Toyota Kirloskar to hike vehicle prices from January
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By PTI Dec 15, 2021 1:08:02 PM IST (Published)

Toyota Kirloskar Motor will increase prices across its entire product portfolio from January, in order to offset the impact of higher input costs. The company sells a range of models including Glanza, Urban Cruiser, Innova Crysta and Fortuner in the domestic market. Already, various companies including Maruti Suzuki, Tata Motors and Honda Cars have indicated that they would be increasing prices from next month.

Toyota Kirloskar Motor (TKM) on Wednesday said that it will increase prices across its entire product portfolio from January, in order to offset the impact of rise in input costs. The company sells a range of models including Glanza, Urban Cruiser, Innova Crysta and Fortuner in the domestic market.

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”The price realignment is necessitated on the back of sustained increase in input costs including raw materials. All efforts have been made to ensure that the impact of the cost increase has a minimum effect on our esteemed customers,” TKM said in a statement.
Already, various companies including Maruti Suzuki, Tata Motors and Honda Cars have indicated that they would be increasing prices from next month.
The cost of various essential commodities like steel, copper, aluminium and precious metals have gone up over the last one year.
 
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