Japanese automaker Toyota Kirloskar Motor has announced a price hike for its model line-up in India. A price hike of 4 per cent will be seen starting from April 1. The hike comes as a result of rising input costs.


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The company, which sells models like Fortuner and Innova Crysta, noted that prices are being hiked due to the rising input cost, including raw materials.


As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers, it said in a statement.


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On March 25, BMW India announced to hike product prices by up to 3.5 per cent from next month. Besides, other luxury carmakers like Audi and Mercedes-Benz also plan to hike prices from April 1.


With inputs from PTI


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