Toyota Kirloskar Motor announces price hike

In a statement issued by Toyota Kirloskar Motor, (TKM), the company announced a price hike effective from April 1st, 2022. "Toyota Kirloskar Motor (TKM) today announced that the company will realign the prices of its models, by up to 4% effective from 1st April, 2022. This hike has resulted due to the rising input cost, including that of raw materials. As a committed and customer-centric company, TKM has made all conscious efforts to minimize the impact of rising costs on consumers."