Business/ News Measurements Network
Toyota Kirloskar Motor India, the Indian unit of Japan's automaker Toyota, will increase its vehicles prices up to 4 percent by January 1, 2019. On behalf of the company it was said on Tuesday that its manufacturing cost is increasing due to declining rupee, which has led to the company's decision to increase prices.
On behalf of the company, it was said that Toyota was taking the extra cost burden for a long time so that customers could be saved from price hikes. The company said, "Because of the high cost pressure being sustained, we have to put some of its burden on customers. Toyota is considering increasing the price of all models from January 1, 2019 to 4 percent. '
The company now sells many vehicle models from SUV Land Cruiser from Hatchback Liva in the country. Their price is between Rs 5.25 lakh and Rs 1.41 crore. According to this, the price of cars can be increased from about 22 thousand rupees to 5 lakh rupees. Earlier, Mahindra had announced the increase in the price of the MPV Marjah, which was launched last month, from January.
On behalf of Mahindra, it was said that the price of MPV Marja will increase by 30 to 40 thousand rupees from January 1, 2019. Marza was introduced to the company in September this year. Its starting price is 9.99 lakh rupees. X showroom price of car top variant is 13.90 lakh rupees. MPV Marjah is the biggest passenger car of Mahindra till now. Myjo has been launched in the name of the total four variants M2, M4, M6 and M8. M2 is the base variant of Marjoe.