Toyota Kirloskar Motor announces price hike of 1%, effective April 1, 2024

The price hike follows a previous announcement made earlier this year.

Autocar Pro News Desk By Autocar Pro News Desk calendar 28 Mar 2024 Views icon8163 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Toyota Kirloskar Motor announces price hike of 1%, effective April 1, 2024

Toyota Kirloskar Motor has disclosed its intention to raise the prices of certain grades of specific models by 1% starting from April 1, 2024. This decision comes in response to the escalating input costs and operational expenditures faced by the company.

This price hike follows a previous announcement made earlier this year, wherein the company implemented a price increase ranging from 0.5% to 2.5%, which was aimed at partially offsetting the continuous rise in input costs.

The company, in CY2023, reported its best-ever annual sales 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.

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