Toyota Kirloskar Motor has that the company has realigned the prices of its models with effect from 5th July 2023.
An official statement read, “The increase was necessitated to partially offset the rising input cost. As a customer-centric company, we remain committed to cater to the ever-evolving needs of the market and all efforts have been made to ensure that the impact of the cost increase passing on to our customers is minimum.”
The Toyota India fleet includes the Innova Hycross, Fortuner, Land Cruiser LC300, Urban Cruiser Hyryder and Glanza to name a few. The quantum of the hike for each model has not been given yet but we can expect a marginal hike for all the models. The company website has been updated and the Toyota Innova Hycross now retails at Rs. 18.82 lakh, the Urban Cruise Hyryder now starts at Rs. 10.86 lakh and the Fortuner range now starts at Rs. 32.99 lakh. This is the company’s second price hike in the current fiscal year. The company hiked prices by Rs. 60,000 in May this year for all the models.
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By: Sumesh Soman