If you are an ardent fan of Toyota cars then you should get ready to spend more on them. Following the current price hike trend in the industry, Toyota has recently announced a hike of up to Rs 50,000 on the Innova and the Corolla Altis.
As both the Innova and the Corolla Altis are the two leading cars from Toyota’s stable, the price hike has become essential for the company to successfully roll out the required numbers of cars. The price of the Toyota Innova is increased in the range of Rs 10,000 to Rs 25,000 whereas the price of Corolla Altis is raised in the range of Rs 10,000 to Rs 50,000.
Toyota reveals that the decision of price hike is taken eyeing the recent changes in the rupee/dollar and yen/dollar exchange rate. The rising operational costs are also one of the key reasons behind the price increase.
Till date somehow the company was able to absorb the cost. Now it’s really become tough for Toyota to absorb the costs. And in order to survive in the fluctuating market and to maintain a steady growth, it has pushed some of the pressure towards the buyers.
Has Toyota increased the price of only Corolla and Innova? What about the Camry? Or the increase in the price of Camry is not yet disclosed by the company?
No alek, I think that Toyoat has increased the prices of Innova and Corolla only. Maybe because these two Toyota cars are the fastest selling cars from the range the manufacturer offers in the country. As it is I don’t see much of Camry on roads.
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