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Corporate
Toyota to hike prices of Corolla Altis, Innova

BANGALORE: Toyota Kirloskar Motor (TKM) is considering a price increase in Corolla Altis and Innova due to rising input costs and fluctuation in exchange rates, the company said in a statement On Thursday.

Meanwhile, TKM said it had received a "record'' 5,000 bookings of the Fortuner in just over a month. TKM is trying to ramp up monthly production figures from 500 to 600 units to meet high customer demand and also plans to sell 2,500 units of the Fortune r in 2009 against the earlier announced target of 2000 units, it said.

"As of now, TKM dealers have been advised to take orders without advance payments, while committing to a tentative date of delivery'', the company said. TKM announced a 35 per cent growth in overall sales in August 2009 over the same month last year.

The Corolla Altis has registered a 91 per cent rise in sales for January-August 2009 as against the corresponding period last year. - PTI

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