Toyota Announces Price Hike in India Starting April 1, 2024

Toyota Kirloskar Motor (TKM) has announced that it will raise prices across its model range in India starting April 1 2024. This marks the second price hike for the automaker this year following the January revision.

The price adjustment amounting to approximately one percent is attributed to rising input costs and operational expenses. Similar price increases are anticipated from other automakers including Honda Cars India and Kia India with more brands likely to follow suit in the coming days.

Toyota's current lineup in India comprises 11 models such as the Glanza Rumion Innova Hyross Vellfire Fortuner Fortuner Legender Urban Cruiser Hyryder Land Cruiser Hilux and Innova Crysta. The addition of the Fronx-based Taisor next month will expand this lineup.

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