Toyota Kirloskar Motor announces price hike of 1%, effective April 1, 2024
The price hike follows a previous announcement made earlier this year.
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.
RELATED ARTICLES
Onkar Kanwar honored with Lifetime Achievement Award
The Managing India Awards, instituted by AIMA, seek to honor individuals who have made significant contributions
Maruti Suzuki eyes double-digit volume growth in FY25, says RC Bhargava
“SIAM is forecasting a much lower growth, because high growth of last year and a high base, but I think, if the conditio...
Maruti Suzuki transports 25% of vehicles through railways
The automaker plans to transport more vehicles through rail mode in the future while using solar energy and biogas at it...