Toyota to hike prices of some models from April

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

New Delhi: Toyota Kirloskar Motor (TKM) Friday said it will increase prices of some of its products from next month without divulging any details regarding the models that will undergo price change.

“Toyota Kirloskar Motor will increase the prices of some of its products effective 1st  April 2019.  We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in production process,”  TKM Deputy Managing Director N Raja said in a statement.  

“However, considering the trend of continuous increase, we are constrained to pass on a small portion to the customers.  The company will continue its efforts to contain costs and offer the best value to our loyal customers,” he added.