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Toyota to increase car prices by up to 4% from Jan over manufacturing cost

According to the company, the decision to hike prices was taken amid rising manufacturing costs, which is also a general industry phenomenon

IANS  |  Mumbai 

Toyota Innova Touring Sport
Toyota Innova Touring Sport Photo: Official website

Kirloskar Motor on Tuesday said it will increase prices by up to four per cent effective January 1.

According to the company, the decision to hike prices was taken amid rising costs, which is also a general industry phenomenon.

"There has been an impact on the cost of of vehicle primarily due to rupee depreciation. has been absorbing the additional costs all this while, protecting the customers from price increase," the company said in a statement.

"However, due to the continued pressure of high costs, we have to pass on a part of it to customers."

 

 

First Published: Tue, November 27 2018. 19:48 IST
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