Toyota to increase prices by up to 3 per cent in India from January 1
Toyota Kirloskar Motor has decided to increase the prices of its vehicles by up to 3 per cent from January 01, 2017. The increase in manufacturing costs and an upward movement of foreign exchange have prompted the company to make the decision.
Over the past six months, the rise in prices of the raw materials like steel, aluminium, copper and rubber has put a lot of pressure on the car manufacturers. Even the appreciation of yen in the global market has increased the import cost of parts from Japan.
"Owing to continued pressure of high costs and foreign exchange rates remaining at high levels of above Rs 68 USD, we have been pressured to increase the cost of our products," said N Raja, director and senior vice president - marketing and sales, Toyota Kirloskar Motor.
The company has also announced the 'remember December campaign' to help customers overcome cash crunch caused due to demonetisation. Under this campaign, a customer can avail 100 per cent on road financing, buy now and pay later (March 2017), and get an EMI package of as low as Rs 22,999 on select Innova Crysta models.
The new Prius is the first car based on the Toyota New Global Architecture (TNGA) which, as the company claims, will give customers a better driving experience. The company hasn't confirmed its price yet, but we expect the new Prius to be priced between Rs 30-40 lakh (ex-showroom, Delhi).
- News2020 Honda CB 350 launched in India at Rs. 3.5 lakh, Rivals Royal Enfield Classic 350
- NewsLive updates: Honda CB 350 cruiser launch, to rival Royal Enfield
- NewsTVS owned Norton Motorcycles to offer repayment of deposits, but at a condition
- NewsBMW 2 Series Gran Coupe to be launched in India on October 15
- NewsConfirmed: 2020 BMW G 310 R and G 310 GS BSVI India launch on October 8