Toyota To Increase Prices By Up To 4% In January 2019
The Company has sited increase in manufacturing costs as a reason to increase prices by up to 4% from January of 2019
Toyota Kirloskar Motor likely to increase the prices by up to 4% effective from January 01, 2019. The company considered the price hike after periodically reviewing the continuous pressure of increasing manufacturing costs, which is also a general industry phenomenon.
The Company says “There has been an impact in the cost of manufacturing of vehicle primarily due to rupee depreciation. Toyota has been absorbing the additional costs all this while, protecting the customers from price increase. However, due to the continued pressure of high costs, we have to pass on a part of it to customers. Toyota is considering a price increase of upto 4% across models with effect from 1stJan 2019. We would like to express our gratitude to our valued customers for the never ending trust and loyalty towards Toyota Products"
Toyota products are backed by a unique combination of Toyota’s Global Promise of Quality, Durability & Reliability (QDR) offering best in class quality, unbeaten safety features, comfort, fuel economy and low cost of maintenance. The company has been constantly striving to offer the best services to enhance customer delight over the years.