Advertisement
Sunday, Nov 28, 2021
Outlook.com
Outlook.com

Toyota India To Hike Vehicle Prices By Approx 2 Percent, Effective Oct 1

The company said the hike is aimed at partially offsetting the impact of the rise in input costs. All models excluding Vellfire would see an upward revision in prices, next month onwards.

Toyota India To Hike Vehicle Prices By Approx 2 Percent, Effective Oct 1
Toyota India To Hike Vehicle Prices By Approx 2 Percent, Effective Oct 1
outlookindia.com
2021-09-28T15:51:08+05:30

Automaker Toyota Kirloskar Motor said it would hike prices of all its models by up to 2 per cent starting October 1. The company said the hike is aimed at partially offsetting the impact of the rise in input costs. All models excluding Vellfire would see an upward revision in prices, next month onwards. 

Toyota Kirloskar is a JV between Japan's Toyota Motor Company and Kirloskar Group, and sells a range of vehicles including Innova Crysta and Fortuner in the domestic market.

"This hike is necessitated to partially offset the increase in input costs. The overall price increase has been tapered down considering the impact on our valued customers," the automaker said. 

The steady rise in prices of steel and precious metals have spiked input costs for automakers in India, in the last year. 

On September 21, Tata Motors announced its decision to increase the prices of its commercial vehicles by about 2 per cent from October 1. Maruti Suzuki too had announced spiking its car prices excluding that of Celerio by up to 1.9 per cent. 

Both companies had cited rise in input costs as the reason for the hike. 

Maruti Suzuki and Hero MotoCorp have already raised prices of their respective vehicles thrice, this year. All of them were citing the rise in input costs. 

Hero MotoCorp made an upward revision in the ex-showroom prices of its motorcycles and scooters by Rs 3,000 with effect from September 20.

(With inputs from PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Ordinary People And Their Tales Of Incredible Courage

Ordinary People And Their Tales Of Incredible Courage

In ordinary people live extraordinary tales of courage that speak truth to power

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

Uttar Pradesh: One Week On, Mystery Shrouds Death Of 3 Dalit Girls

The post-mortem report said that the three girls died 'when they got crushed after coming in front of a train that was passing through'.

ISL: ATK Mohun Bagan Hammer East Bengal 3-0 In Kolkata Derby

ISL: ATK Mohun Bagan Hammer East Bengal 3-0 In Kolkata Derby

Three first-half goals proved more than enough for ATK Mohun Bagan to beat East Bengal in the first Kolkata derby of ISL 2021-22.

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

‘Clock Can Be Reversed In J&K After Farm Laws Repeal’

Former Chief Minister and Member Parliament Dr Farooq Abdullah:'The restoration of early statehood and Article 370 is the only way forward. Otherwise, Kashmiris will continue to bleed and there will be hardly any progress in this part of the world'.

Advertisement