Toyota To Increase Prices Of Cars By 4 Percent In Jan 2019
New Delhi: Japanese Carmaker Toyota has announced that it plans to increase the prices of its cars by upto 4 percent in January 2019. The decision was taken after the company conducted periodical reviewing of the continuous pressure of increasing manufacturing costs.
In an official statement, Toyota Kirloskar Motor (TKM) said- “There has been an impact in the cost of manufacturing of vehicle primarily due to rupee depreciation. Toyota has been absorbing the additional costs all this while, protecting the customers from the price increase. However, due to the continued pressure of high costs, we have to pass on a part of it to customers. Toyota is considering a price increase of up to 4 per cent across models with effect from 1st Jan 2019. We would like to express our gratitude to our valued customers for the never-ending trust and loyalty towards Toyota products.”
At present, Toyota offers 12 different models in India, with cars starting at Rs 5.25 lakh (for the base variant of its Etios Liva) and going up to Rs 1.41 crore (for the Land Cruiser SUV). Besides, the car range of Toyota also includes two hybrid models, Camry and Prius.