Toyota Kirloskar Motor has joined the list of car makers to increase the prices of their cars from next month. The Japanese carmaker, which recently launched the 2022 Glanza premium hatchback in India, has announced a price hike of up to 4 per cent across all models from April 1.
Toyota issued a statement.
Toyota issued a statement saying that the latest hike was necessitated due to rising costs. Apart from the Glanza, the Japanese carmaker sells six models in the Indian markets including the Fortuner, Innova Crysta, Camry, Vellfire and Urban Cruiser.
In a statement issued by Toyota, it has been said that the input cost, including raw materials, has increased in recent times. “As a committed and customer-focused company, TKM has made all efforts to minimize the impact of rising costs on consumers,” Toyota said in its statement.
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Toyota Motor will soon launch a new model in India.
Toyota Motor is also expected to launch a new model in India very soon. The carmaker introduced the Toyota Hilux pickup truck on January 20 this year. It was to be launch in March. However, the carmaker decided to close the bookings for the Hilux without assigning any reason. It seems that its launch has also postponed for some time. The carmaker may announce the new dates soon.
Toyota has become the latest carmaker to join the list of hikers in the prices of its vehicles. BMW India on Friday announced a hike in product prices by up to 3.5 per cent from next month. Earlier, other luxury car makers like Audi and Mercedes-Benz are also planning to hike prices from April 1.
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