The Indian arm of Toyota Motor Corporation that works in a JV agreement with Kirloskar Group, Toyota Kirloskar Motors has recently said that the company will be revising the prices of its models across its portfolio in the month of October.

Toyota Kirloskar Motors Deputy Managing Director (Marketing) Sandeep Singh said that the rising input costs are putting a lot of pressure on the financials of the company and hence the company will review its prices in the month of October this year.

While the company declined to give any range of the price hikes that will be announced, but it is believed that it will be close to 1-4% hike that the company will be looking at.

It is to be mentioned here that the company launched the successful diesel variant of the Corolla Altis in the Indian market. In fact, its SUV Fortuner has been an instant success in the Indian market. The company even had to close its booking twice and plans to reopen it now in the month of January next year for the Indian consumer.