Toyota announces price hike by 2 to 4% across models
Majority of the car makers in India have responded to the hike in excise duty with an increase in the prices of their products. Toyota India, the Indian subsidiary of the Japanese Toyota Motors has officially announced that its entire range of products will see an increase of 2 to 4 percent in the price tags. The Deputy Managing Director of Sales and Marketing of Toyota India, Mr. Sandeep Sigh stated that the hike in excise and import duty will not prove to be very productive for the Indian auto sector as it will cause an extra burden on the customers which will eventually slow down the sales. He added that the CBU prices too will be affected by this hike and the company has no choice but to pass on the load to the buyers with an average increase of about 2 to 4 percent in the prices.
Meenal
Published On Mar 19, 2012 18:17 IST
Published OnMar 19, 2012 15:30 IST
Last Updated OnMar 19, 2012 18:17 IST
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Toyota has revealed the price hike for its different products, however the price rise in CBU have not been confirmed yet but are expected to be announced soon. The Toyota Etios petrol price has increased by Rs. 11,500 and the diesel version of Etios has seen a hike of Rs. 13, 600. There has been an increase of Rs 9,500 on Liva petrol and Rs 11,500 on Liva diesel. For Corolla Altis petrol the prices are increased by Rs 39,000 and for Corolla Altis diesel the prices are increased by Rs 26,500. Toyota Innova has witnessed a price hike of Rs 35,200. Toyota Fortuner has seen the steepest price hike of Rs 80,000.
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<p style="text-align: left;"><span style="font-family: Arial, Helvetica, Verdana, sans-serif; color: #3f3f3f;"><span>Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.</span></span></p>Read more
