Toyota Kirloskar Motor announces price hike effective 1 January, 2024  | Autocar Professional

baua


Toyota Kirloskar Motor has announced a price hike, effective 1 January, 2024, in order to partially offset the rising input costs.

The price increase ranges from 0.5% to 2.5% on select models and variants. 

“However, the overall price adjustment has been carefully moderated, taking into account a minimum impact on our esteemed customers,” the company noted in a press release. 

Toyota Kirloskar Motor joins a host of other companies that had announced price hikes, effective 1 January. 

The company today also made additional organisational changes, the second one, in the span of a few days. 

It also registered its best-ever annual sales in CY2023, at 221,356 units, on the back of sustained demand for its MPVs and SUVs as also the rebadged models like the Glanza, Urban Cruiser Hyryder and Rumion, ramped-up production and customer-friendly initiatives, which drove sales to an all-time high.

Which major automaker might be partnering with Fisker for an electric pickup? Should EV charging…

Thanks to electric bikes, more people than ever before are discovering the joys of car-free…

Chile also aims to reach 100% in EV sales by 2035 and could well lead…