- Realignment of car prices next month

- Price hike across models expected in New Year

- Necessitated due to rise in input costs

Toyota Kirloskar Motors has announced that it will realign the prices of its cars from January 1, 2022. It's most likely that the car prices will increase due to the hike in material charges and other input costs.

The carmaker has taken this decision after reviewing the sustained increase in input costs including raw materials. Then, there are other input and freight costs that might have also been taken into consideration. Although the carmaker has not specified the exact change in price, this will vary from model to model and also depend on the variant. All updated variant-wise prices will be available in the coming month across all authorised dealerships in India.

This price hike doesn't come as a surprise as many automakers have taken this step due to the rise in production costs. Additionally, it has also become a general practice in our country that prices are increased at the start of the New Year. Many more car manufacturers should also reveal plans of the increment in prices across their portfolio, and join the bandwagon soon.