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Chinese GDP Data<br />
Reports-C Release in<br />
January 2017<br />
Toyota Kirloskar Motors announced on monday, to hike the prices of the four<br />
wheelers by 3% from January 1, due to increase in input cost and rise in foreign<br />
exchange rates.<br />
Reason behind increased prices:-<br />
Toyota to get 3 Times<br />
Costlier from January 1,<br />
2017 Toyota Kirloskar<br />
Motors Announced<br />
on Monday, to Hike<br />
According to the director and senior VP (marketing and sales) Mr. N. Raja, raw<br />
materials like rubber, steel, aluminum, copper etc have witnessed a lot of price<br />
changes in the past six months, which has put a lot of pressure on the manufacturing<br />
process. Apart from this, the falling value of Yen in the international<br />
market has also thrown adverse impact on the production cost. The import cost<br />
from Japan has increased resulting in the increase in input cost as well. He said<br />
that the new rates will be implicated from the first day of the New Year i.e. 1st<br />
January, 2017 leading to the price increase of 3% in each four wheeler.<br />
January 2017 27
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