- Toyota said the price rise was necessitated to partially offset rising input costs for the new year.
Toyota Kirloskar Motor has increased prices across its select range of cars and variants with effect from January 1, 2024. The hike is in the vicinity of 0.5 per cent and 2.5 per cent, bringing a reasonable jump in prices. In a statement, Toyota said the price rise was necessitated to partially offset rising input costs. The automaker also added that the price adjustment was moderated carefully to minimise the impact passed on to the customer.
The new prices are reflected on Toyota India’s website for select models. The Toyota Innova Hycross is now more expensive by up to ₹42,000, while the Innova Crysta is dearer by up to ₹25,000. The Toyota Urban Cruiser Hyryder is now more expensive by up to ₹28,000.
Also Read : Toyota Innova Hycross prices hiked by up to ₹42,000 for the new year
Toyota Kirloskar Motor said in a statement, “Toyota Kirloskar Motor (TKM) today announced a price increase of its products, ranging from 0.5 per cent to 2.5 per cent on select models & variants with effect from January 1, 2024. This increase was necessitated to partially offset the rising input costs. However, the overall price adjustment has been carefully moderated, taking into account a minimum impact on our esteemed customers. We are always grateful for the continued trust and confidence, our customers have shown in our entire product portfolio. As a customer-centric company, TKM remains steadfast in its commitment to catering to the ever-evolving needs of the market.”
Apart from the aforementioned models, Toyota also sells the Glanza, Rumion, Hilux, Fortuner, and Camry. The company also retails the Vellfire and Land Cruiser LC300 in the luxury segment. The Japanese automaker is expected to bring a new car this year reportedly called the ‘Taisor.’ The upcoming Toyota Taisor is expected to be the badge-engineered Maruti Suzuki Fronx and will be the automaker’s new sub- ₹10 lakh offering, alongside the Glanza (badge-engineered Baleno).
First Published Date: 06 Jan 2024, 16:17 PM IST
