World’s largest car maker Toyota is all set to hike price for it’s range in India. Company states the offset steep input costs and foreign exchange fluctuation is the main reason behind the price hike. The final verdict from Toyota abut the price hike is been out by December 20. The newly launched Etios sedan will exception in this matter, there is no change in Etios price… official said.
“There are cost pressures from various commodities as well as yen fluctuation which is affecting us. We will take the final call in this regard (price hike) by December 20,” Toyota Kirloskar Motor Deputy Managing Director (Marketing) Sandeep Singh said.
“Increasing input cost is our biggest concern. Some component prices have gone up. Therefore, we are forced to hike prices again.” he added.
Also there is chance of price hike by Maruti Suzuki , General Motors India and Hyundai Motor India due to high commodity prices.
