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  Business   Autos  15 Mar 2019  Toyota to hike prices of some models from April

Toyota to hike prices of some models from April

PTI
Published : Mar 15, 2019, 2:13 pm IST
Updated : Mar 15, 2019, 2:13 pm IST

Toyota Kirloskar Motor, however, did not disclose the models that would become costlier.

Toyota sells a range of products including popular multi purpose vehicle Innova and premium sports utility vehicle Fortuner.
 Toyota sells a range of products including popular multi purpose vehicle Innova and premium sports utility vehicle Fortuner.

New Delhi: Toyota Kirloskar Motor (TKM) on Friday said it will increase prices of some of its products from next month in order to offset rise in input costs.

"We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in production process. However, considering the trend of continuous increase, we are constrained to pass on a small portion to the customers," TKM Deputy Managing Director N Raja said in a statement. The company will continue its efforts to contain costs and offer the best value to its loyal customers, he added.

 

TKM, however, did not disclose the models that would become costlier. The company sells a range of products including popular multi purpose vehicle Innova and premium sports utility vehicle Fortuner.

Tags: toyota kirloskar motor, n raja, multi purpose vehicle, innova, sports utility vehicle, fortuner
Location: India, Delhi, New Delhi