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Toyota to increase prices by up to 3 per cent in India from January 1
Also rolls out ‘remember December campaign’ to assist customers in cashless purchases
Toyota Kirloskar Motor has decided to increase the prices of its vehicles by up to 3 per cent from January 01, 2017. The increase in manufacturing costs and an upward movement of foreign exchange have prompted the company to make the decision.
Over the past six months, the rise in prices of the raw materials like steel, aluminium, copper and rubber has put a lot of pressure on the car manufacturers. Even the appreciation of yen in the global market has increased the import cost of parts from Japan.
“Owing to continued pressure of...
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First Published:Dec 05, 2016, 14:04:51 IST
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Tesla's Cybercab to feature built-in Starlink antenna, bringing satellite internet to robotaxis
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As Nissan expands its line-up from one model to four, the carmaker is betting on affordable SUVs, exports and ICE volumes before making its EV play
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