Toyota in creases price of Innova and Corolla Altis models

Leading car manufacturer Toyota Increased price of some of its models. According to company the famous luxury sedan 'Toyota Corolla Altis' and MUV 'Innova' by up to Rs 50,000. According to company the main reason behind this price hike is decreasing  value of rupees in comparison of Dollar.

After this price increase the Toyota Corolla Altis will become costlier in the range of Rs 10,000 to Rs 50,000. The Innova model will become costlier around Rs 10,000 to Rs 25,000. According to Sandeep Singh who is Deputy Managing Director (Marketing) of Toyota Kirloskar Motor, due to unavoidable reasons such as recent changes in the rupee/dollar and yen/dollar exchange rate, we are now required to make necessary revisions in pricing,   .