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Toyota Kirloskar Motor to hike vehicle prices from April 1

The firm said the increase is necessitated to offset the substantial increase in input costs

March 27, 2021 / 10:38 PM IST
Representative Image | Source: Reuters

Representative Image | Source: Reuters

Toyota Kirloskar Motor (TKM) on Saturday said it will hike prices of its models with effect from next month. The company will realign the prices of its models, with effect from April 1, 2021, Toyota Kirloskar Motor (TKM) said in a statement.

The increase is necessitated to offset the substantial increase in input costs, it added. "During such testing times, it has been our endeavour to absorb cost increases through our internal efforts, and only a minimal portion will be reflected onto the prices," the automaker said in a statement.

Maruti Suzuki India to hike prices of cars again from April 2021

As a customer-centric company the company reinforces its commitment to cater to the ever-evolving needs of customers by consciously minimising the impact of rising costs on consumers, it added.
PTI

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