Toyota to hike prices on select vehicles from April 1

Mumbai: Toyota Kirloskar Motor, the Indian arm of the Japanese automajor, on Thursday said it plans to increase prices of select vehicles up to 1 per cent from April 1 citing rising input costs and operational expenditures.

In a statement, Toyota Kirloskar said it is planning to increase prices of certain grades of its specific models effective April, 1 2024.

“With an anticipated 1 per cent increase, the move is attributed to escalating input costs and operational expenditures,” Toyota Kirloskar Motor (TKM) said.

TKM sells a range of vehicles starting from hatchback Glanza to premium SUV Fortuner which are priced between Rs6.86 lakh and Rs51.44 lakh.