New Delhi: India’s Leading Automobile manufacturer Toyota Kirloskar Motor Limited on Wednesday said the company will hike prices of its variants. As a result, the price realignment will begin on January 1, 2022.

"The price realignment is required due to continued increases in input prices, especially raw materials," Toyota Kirloskar Motor stated in a statement.

"Every effort has been made to ensure that the cost increase has the least possible impact on our valued clients." Several additional businesses have announced pricing increases beginning January 1, 2022.

Toyota Kirloskar Motor Private Limited is an Indian joint venture between Toyota Motor Corporation and Kirloskar Group. The company's headquarters are in Bidadi, Karnataka, near Bangalore. As a customer-centric organisation, the company proves that it has reaffirmed its commitment to service consumers' "ever-evolving" requirements. It has achieved this by minimising the impact of increased input costs on consumers' pocket.

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