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Toyota Kirloskar Motor is all set to hike the prices of its entire model range from April 1 onwards. The automaker will be increasing the price by up to 4 percent. The main aim behind this is the rising input cost including that of raw materials. The company is further making all conscious efforts to minimize the impact of rising costs on the consumers.
Currently, Toyota’s portfolio comprises the newly launched Glanza, Innova Crysta, Fortuner, Urban Cruiser, Camry, and Vellfire. The brand has halted the bookings of Hilux in the country due to the overwhelming response. Besides that, Toyota is yet to announce the price of the car.
The XC40 Recharge Single variant will be assembled at Volvo’s manufacturing facility located in Hosakote, Bengaluru.
Read MoreThe auto giant also exports the made-in-India Jimny five-door to other markets like Indonesia and South Africa.
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