Toyota Kirloskar Motor Pvt Ltd is a subsidiary of Toyota Motor Corporation of Japan (with Kirloskar Group as a minority owner), for the manufacture and sales of Toyota cars in India. It is currently the 4th largest car maker in India after Maruti Suzuki, Hyundai, and Mahindra.
Toyota India Announces Price Hike Of 3 Per Cent Across All Cars From January 2018.The company considered the price rise after reviewing input and freight costs periodically, which is also a general industry phenomenon.
Toyota Kirloskar Motor announced, “There has been an increase in the cost of manufacturing of vehicles. Frequent fluctuation in the global commodity prices and foreign exchange rates have 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 the price increase. However, due to the continued pressure of high costs, Toyota is considering a price increase of up to 3% across models with effect from Jan 2018.”