The hike is necessitated to partially offset the increase in input costs, the company said in a statement." />
Thursday, Dec 2 2021 | Time 14:38 Hrs(IST)
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Business Economy


Toyota Kirloskar Motor realigns prices of its models

Bengaluru, Sep 28 (UNI) Automaker Toyota Kirloskar Motor (TKM) Tuesday said "it will realign the prices of its models, with effect from October 1."
The hike is necessitated to partially offset the increase in input costs, the company said in a statement.
The firm had previously hiked the price of its vehicles in April this year.
The overall price increase has been tapered down considering the impact on our valued customers, TKM said.
"As a customer-centric company, we remain committed to cater to the ever-evolving needs and requirements of our customers by consciously minimizing the impact of rising costs on consumers," it said.
The company sells a range of vehicles, including hatchback Glanza, compact SUV Urban Cruiser, multi-purpose vehicle Innova Crysta, premium and SUV Fortuner, among others.
The decision comes after TKM announced discontinuing the sale of its mid-sized sedan Yaris in India with immediate effect. This was a part of its product strategy to cater to the evolving needs of customers.
Yaris, which was competing with Honda City, Hyundai Verna and Maruti Suzuki Ciaz, was launched in May 2018.
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