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Friday, 9 September 2011

By next year companies Toyota Kirloskar, Mahindra & Mahindra to raise prices up to 2%

NEW DELHI: Toyota Kirloskar & Mahindra & Mahindra has decided to raise the price of 1.5-2% from next month. Appreciating yen and rising raw material prices have hit the Japanese car manufacturer Toyota and Mahindra & Mahindra, respectively, resulting from their third price hike this year.Other manufacturers like the General Motors and Tata Motors in India are also reviewing the situation and can go hiking soon.

M & M, which sells vehicles like Scorpio, Bolero and Verito in the domestic market, had increased the prices by about 1.5% in January this year, followed by another upward revision of 1, 5-2% in April.Vcommindia News

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