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Tuesday, 6 December 2011

From January 1 price hike by up to 3 percent announced by Toyota Kirloskar

2009-toyota-land-cruiser
The Japanese automobile major Toyota present in India through Toyota Kirloskar Motor (TKM) has reportedly announced that it will raise the prices of entire range of locally-produced vehicles by up to 3 percent, one of its steepest rate hikes, from January 1 due to the weakening of rupee against the yen.

Toyota Kirloskar Motor (TKM) Deputy Managing Director (Marketing) Sandeep Singh said, "For the last three months, we have been absorbing the pressure of currency fluctuations. Now we have decided to pass on some burden to customers. We will raise the prices by 1.5-3 percent from January 1."Automobile News

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