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News In Brief Auto

Toyota to Increase Prices of SUV Urban Cruiser and Glanza

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Toyota to Increase Prices of SUV Urban Cruiser and Glanza
30 Apr 2022
min read

News Synopsis

Toyota Kirloskar Motor announced that it will raise the price of its compact SUV Urban Cruiser and premium Glanza hatchback from May 1, 2022, to offset the increase in input costs. Currently, the price of Urban Cruiser varies from variant to Rs 8.88-11.58 lakh, while Granza is tagged at Rs 6.39-9.96 lakh, depending on the variants.

A TKM spokesperson said, “This hike is necessitated to partially offset the increase in input costs. The overall price increase has been tapered down considering the impact on our valued customers.” The company continues to work to meet the ever-evolving needs and demands of its customers by deliberately minimizing the impact of rising costs on consumers, the spokesperson added.

Maruti Suzuki India has also announced this month that prices have risen across the range with the increasing input costs. Last week, Tata Motors raised passenger car prices by 1.1% to partially offset higher input costs and raised commercial vehicle prices by 22.5% earlier this month.

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