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With the weakening of rupee, Toyota Kirloskar Motor will be increasing the prices of Etios diesel and Innova by 1 per cent and Fortuner and Etios Liva diesel by 0.5 per cent with effect from June 1.
“We are unable to retain the current prices and are forced to pass a part of it to our customers,” Mr Sandeep Singh, Deputy Managing Director-Marketing, Toyota said in a press statement.
Yet, sales have been good, despite the low market sentiments, he added.
Toyota sold 15,501 units in May this year compared with 7,470 units last year, a growth of 108 per cent.
Sales of Etios grew 25 per cent to 4,270 units (3,412 units). Innova sales went up 127 per cent to 6,710 units (2,961 units).
The New Fortuner saw a similar growth of 108 per cent with 1,399 units sold against 672 units last year.
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