Toyota to hike prices of three models

Toyota Kirloskar Motor will increase the prices of its key models — Innova by Rs 10,000-25,000 and Corolla Altis by Rs 16,000-25,000 from January 1. TKM Deputy Managing Director, Marketing, Sandeep Singh, said: “Due to circumstances beyond our control, such as the increase in the rupee-dollar exchange rate by 20 per cent in the last three months, we have been forced to increase the price of our vehicles.”