Toyota Kirloskar Motor will be increasing prices of vehicles from January, 2018 onwards as per reports. The company has attributed this hike to increasing freight and input costs and the hike will be up to 3% across the company’s portfolio.
Toyota is offering a special year-end sale till the end of this month and benefits offered vary between Rs. 40-90,000 depending on the region and variant. This includes the Remember December benefits offered by Toyota across diverse financial offers and schemes along with special interest rates from 4.99% onwards and EMI offers.
According to company officials, manufacturing costs have gone up and fluctuations in prices of global commodities and the rates of foreign exchange have affected the overall input costs in case of both imports and domestic sectors. Toyota has been previously covering these additional expenses in order to safeguard buyers from hikes. However, due to the continued impact of increasing costs, the company will be increasing prices by up to 3% from January, 2018, across its Indian lineup.
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