Toyota to increase prices by up to 3% in January, 2018
Bangalore: Toyota Kirloskar Motor likely to hike prices across its models by up to 3% from January ...
Bangalore: Toyota Kirloskar Motor likely to hike prices across its models by up to 3% from January 2018. The company considered the price rise after reviewing input and freight costs periodically, which is also a general industry phenomenon.
"There has been an increase in the cost of manufacturing of vehicles. Frequent fluctuation in the global commodity prices and foreign exchange rates have continued to impact our input costs, from both domestic as well as import fronts. Toyota has been absorbing the additional costs all this while, protecting the customers from price increase. However, due to the continued pressure of high costs, Toyota is considering a price increase of upto 3% across models with effect from Jan 2018.
To further enhance customer delight in the year end, we are offering bountiful offer under the Remember December Campaign for Toyota customers.
Under Remember December Campaign, our customers can avail attractive schemes like 100% on road financing, interest rates starting at 4.99%, special EMI package. It also comprises of benefits ranging from Rs 40,000-Rs 90,000 varying from model to model across regions, also including additional benefits for Government and Corporate Employees. All these offers are valid up to December 31st", as said by Toyota Kirloskar Motor spokesperson.
Overview of TKM
Company name Toyota Kirloskar Motor Private Limited
Equity participation TMC: 89%, Kirloskar Group: 11%
Number of employees Approx. 7, 000 +
Land area Approx. 432 acres (approx.1,700,000 m2)
Building area 74,000 m2
Total Installed Production capacity Upto 3,10,000 units
Overview of TKM 1st Plant:
Established October 1997 (start of production: December 1999)
Products Innova, Fortuner manufactured in India.
Prado, Land Cruiser and Prius imported as CBUs.
Installed Production capacity Upto 1,00,000 units
Overview of TKM 2nd Plant:
Start of Production December 2010
Location On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products Corolla Altis, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid
Installed Production capacity Upto 2,10,000 units
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