Toyota plans to hike car prices from September

Hurry to buy your favourite Toyota car, as the company plans to hike the car prices from September. This is certainly not so good news with the upcoming festive season as customers plan to purchase during this auspicious occasion.

Toyota will increase the prices of its entire range of cars in India by around 1.5 per cent with effect from September 1 to partly offset the losses due to the rupee depreciation.

This is the second hike since June by Toyota’s Indian arm Toyota Kirloskar Motor. It had raised prices then by up to 1 per cent due to the impact of rupee fall.

Toyota currently markets 10 products in India. The Etios, Liva and Innova are the volume sellers while Fortuner, Corolla and Camry are positioned at the upper end of the spectrum. Toyota will also launch its all new Camry on the 24th of August.

Toyota also launched the “Liva TRD Sportivo” – Limited Edition recently to mark the First Anniversary of Etios Liva. (Click here to read more)

Designed by Toyota Racing Development (TRD), Japan only 1200 exclusive units of the Limited Edition vehicle will be sold till the month of Oct 2012.

In July Toyota registered a growth of 7%. The company sold 14,574 units in July 2012 as compared to 13,592 units in the corresponding month last year.