Joining the long list of automakers who recently announced an upward revision of car prices is Toyota Kirloskar Motor who have hiked the prices of its key models such as the Etios, Etios Liva, Innova and the Corolla by up to Rs 24,000. The revised prices are effective from 21 September 2013.
As usual, the reason cited for the car price hike is the devaluation of the Indian rupee and the corresponding increase in input costs."Due to inflation, falling rupee and increase in the cost of materials, the company was forced to pass on the increase in cost to the customers," Toyota Kirloskar Motor said in a statement.
Post price hike, the automaker's flagship MPV, the Toyota Innova will be costlier by Rs 7,000 to Rs 11,000 from its current price of Rs 9.77 lakh to Rs 14.42 lakh. Sedan Corolla Altis will be dearer by Rs 11,000 to Rs 24,000 from the existing price of Rs 11.74 lakh to Rs 15.89 lakh. Mid-sized sedan Etios will see a hike ranging from Rs 4,000 to Rs 8,000 from its current price of Rs 5.45 lakh and Rs 8.15 lakh. The company further said the compact car Etios Liva will cost Rs 4,500 to Rs 8,600 more from the present price of Rs 4.46 to Rs 6.59 lakh.
All the prices quoted above are ex-showroom, New Delhi.