Toyota Kirloskar Motor, on Fridy, raised the prices of select models by up to one per cent with immediate effect to partly offset losses due to rupee depreciation.
“With weakening rupee, we are unable to retain the current prices. We are forced to pass a part of it to our customers,” Toyota Kirloskar Motor (TKM) Deputy Managing Director (Marketing) Sandeep Singh said in a statement.
The company had raised the prices of the diesel version of its sedan Etios and multi-utility vehicle Innova by one per cent, he added.
There is also “a 0.5 per cent increase in Fortuner and Etios Liva Diesel,” Mr. Singh said. Earlier, the company had said it was planning to rev up exports from India to reduce losses.
Keywords: Toyota Kirloskar Motor