Toyota also hikes prices of its cars!

Taking a leaf out of Honda’s book, Toyota has increased the prices of Innova and the recently launched Corolla Alits. The price revision for both Innova and Corolla Altis is in the range of Rs 10,000 to Rs 50,000 depending on the variant.
“So far, we have tried to absorb price increases (input costs) as much as possible, in order to limit the increase passed on to the customers. However, due to unavoidable reasons such as recent changes in the rupee/dollar and yen/dollar exchange rate, we are now required to make necessary revisions in pricing,” Toyota Kirloskar Motor Deputy Managing Director (Marketing) Sandeep Singh.
The price increase could have an adverse effect on Innova’s sales which is facing steep competition from the recently launched Mahindra’s Xylo. The recent rather steep provision in prices by Honda Siel Motors India had made the Corolla Altis an even sweeter deal which has also been eroded to some extent. The sales figures for the coming month will provide a clear picture.

http://www.cubiccapacity.com/toyota-follows-suite-hikes-prices-of-corolla-altis-innova/

But still this hike is not high like Honda

So these moves confirms that Fortuner will not be launched very soon :(

It is really tough time for International Car makers to get there Brand Goodies here!!

Let's just hope fortuner comes here soon, atleast by this year, but this is not good move by carmakers to hike prices of their vehicles:!:

Yup vibhor, i too fear that only. Because of import of parts only, the price is being hiked. So with Rupee value depreciating, Toyota won't find it quite easy to launch Fortuner here, conidering many parts will be imported for sure.

seems rate fluctuation and import costs are taking japs together with their pricing, firstly with honda and now with toyota,though not that higher like honda but still is a rise.Seems xylo has affected innova's sales but this price rise would affect more for toyota's buyers.