Toyota to be costly by 3% next year

Bhubaneswar, December 8, 2017: Toyota Kirloskar Motor likely
to hike prices across its models by up to three
percent from
January 2018.  The company considered the
price rise after reviewing input and freight costs periodically, which is also
a general industry phenomenon.

“There has been
an increase in the cost of manufacturing of vehicles. Frequent fluctuation
in the global commodity prices and foreign exchange rates has continued to impact our input costs, from both
domestic as well as import fronts. Toyota has been absorbing the additional
costs all this while, protecting the customers from price increase. However,
due to the continued pressure of high costs, Toyota is considering a price
increase of upto 3% across models with effect from Jan 2018,” said Toyota Kirloskar Motor spokesperson.

further enhance customer delight in the year end, we are offering bountiful
offer under the Remember December Campaign for Toyota customers. 
Remember December Campaign, our customers can avail attractive schemes like
100% on road financing, interest rates starting at 4.99%, special EMI package.
It also comprises of benefits ranging from Rs 40,000-Rs 90,000 varying from
model to model across regions, also including additional benefits for
Government and Corporate Employees. All these offers are valid up to December
31,” added Toyota Kirloskar Motor spokesperson.

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