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
IndieSemiC and Nordic Semiconductor Partner to Develop Certified Wireless Modules for IoT Applications
The Ahmedabad-based chip design firm will handle the full module lifecycle, from RF design to certification, using Nordi...
STMicroelectronics Launches ST64UWB Chip Family with Support for Next-generation Ultra-wideband Standard
The three-chip series is the first to support IEEE 802.15.4ab and targets automotive, smart home, and smart building app...
SML Mahindra to Launch First EV Bus in FY27, Sees Gradual Shift in CV Green Tech
Vinod Sahay says the company will launch its first electric bus this fiscal year, even as private-sector demand remains ...




By Autocar Professional Bureau
28 Mar 2024
10600 Views
Shruti Shiraguppi
