Toyota Raising Vehicle Prices by 1.5% in India

Toyota’s Indian subsidiary has recently said it will increase vehicle prices by 1.5 percent for key models starting September 21st this year.
Toyota Etios Hatchback 1 photo
Photo: Toyota
Due to the falling rupee value, the price for entry-level Etios sedan, Etios Liva hatchback, Innova and Corolla Altis will ramp up after all. Toyota Kirloskar Motor managing director and chief operating officer Sandeep Singh said earlier that the prices might be raised if the rupee depreciation continues.

So high import duties increasing the cost of foreign built parts used for the local auto industry, added to the continuos rupee depreciations resulted in the company’s decision to raise the price on its best-sellers.

The Indian rupee has depreciated by about 25 percent since the start of the fiscal year to present day.

Story via manoramaonline
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