Japanese automotive manufacturer Toyota has announced that it will increase the prices of its product line-up from January 1st, 2022. According to Toyota Kirloskar Motor, the revision of prices in India is necessary due to the increased input costs. While compensating for the increased cost of raw materials, the brand has assured that the revised prices won’t affect its customers.
November 2021 Sales Report
Toyota Kirloskar Motor released its sales report for November 2021, in which it sold a total of 13,003 units. In November 2020, the brand sold a total of 8,508 units which resulted in a 53% growth increase. In comparison to October 2021, Toyota Kirloskar India sold 12,440 units which translated to a 5% growth increase.
The brand has also stated that it has resumed normal business and growth thanks to increased vaccination across the country. Toyota India continues to witness the strong growth of its Fortuner and Innova Crysta in its respective segments. Toyota India has also managed to successfully make its sales mark in the premium hatchback and compact-SUV segments.
Upcoming Products
According to numerous reports, Toyota is planning to introduce the replacement of its Yaris mid-size sedan in India. Based on the Toyota-Suzuki global alliance, the new sedan will essentially be a rebadged Maruti Suzuki Ciaz, likely called the Belt. Other examples of the Toyota-Suzuki alliance in India include the Toyota Glanza (Baleno) and the Toyota Urban Cruiser (Vitara Brezza).
The upcoming Belta will remain identical to the Ciaz with minor, aesthetic updates such as redesigned bumpers and alloy wheels. Toyota has already launched the Belta sedan for the Middle-Eastern market and will soon produce it for India. Additionally, Toyota has stated that it will launch the sedan in Japan, China, and other South-East Asian countries.
Toyota India has also announced its plans of launching the new Hilux pick-up truck in the Indian market. Once the new Hilux arrives in India, it will compete in the lifestyle SUV segment, which hosts the Isuzu D-Max V-Cross. Isuzu’s D-Max V-Cross is the only premium pick-up truck in India that has no competition. According to sources and reports, Toyota India will launch the Hilux in January 2022.
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