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Toyota Plans Price Hike WEF 1st October

2012 Toyota Fortuner Facelift

Toyota plans to raise prices of its cars yet again. The Japanese automaker blames the increase in input costs for this price hike. The company plans to hike prices by 1.5-2% with effect from 1st October, 2011. A surprising move indeed considering demand has slowed down due to increase in interest rates and fuel prices.

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