24 Mar 2019 | 11:08 AM

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Toyota to hike prices of some models from April to offset rise in input costs
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Published on 03-15-2019
Toyota Kirloskar Motor (TKM) on Friday said it will increase prices of some of its products from next month in order to offset rise in input costs.


"We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in production process. However considering the trend of continuous increase we are constrained to pass on a small portion to the customers" TKM Deputy Managing Director N Raja said in a statement.


The company will continue its efforts to contain costs and offer the best value to its loyal customers he added.


TKM however did not disclose the models that would become costlier.


The company sells a range of products including popular multi purpose vehicle Innova and premium sports utility vehicle Fortuner.