Hike in prices to be in the region of 2% across all variants of both models
“TKM today indicated that the company is planning to realign the prices of Toyota Urban Cruiser and Toyota Glanza, with effect from 1st May 2022. 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 statement said.
This would be Toyota’s second price hike announcement in two months. The company had just last month announced a hike in prices by up to 4% on its range of cars from the start of the new financial year.
The Glanza and Urban Cruiser are essentially sister models to the Maruti Baleno and Vitara Brezza with both models supplied to Toyota by Maruti Suzuki under a partnership that the two companies established in 2018.
Toyota also recently celebrated cumulative sales of 20 lakh units in India since it commenced operations in 1999.