Toyota Kirloskar Motor (TKM) Friday said it will increase prices of some of its products from next month in order to offset rise in input costs.”We have been absorbing additional costs through a bouquet of cost reduction measures including refinement in the production process. However, considering the trend of continuous increase, we are constrained to pass on a small portion to the customers,” TKM Deputy Managing Director N Raja said in a statement.
The company will continue its efforts to contain costs and offer the best value to its loyal customers, he added.TKM, however, did not disclose the models that would become costlier. The company sells a range of products including popular multi-purpose vehicle Innova and premium sports utility vehicle Fortuner.
In other news, for the month of March, Toyota dealerships are offering discounts on various models.The Yaris is offered with maximum benefits of upto Rs 2 lakh that includes cash discount of Rs 1.45 lakh and exchange bonus of Rs 20,000. In addition to this, corporate employees can get additional discount of Rs 30,000. The popular Innova Crysta gets discount of Rs 35,000.The Corolla Altis gets benefits of Rs 70,000 while you can save upto Rs 35,000 on the purchase of the Etios.