Commodity crisis: Toyota to raise prices by up to 4% from April
Automobile manufacturer Toyota Kirloskar Motor (TKM) on Saturday said it will realign the prices of its models, by up to 4 per cent effective from April 1, 2022. According to the company, this hike has resulted due to the rising input cost, including that of raw materials. "As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers," said TKM Spokesperson in a statement.
India's Oct industrial production eases sequentially to 3.2%
The rise in Index of Industrial Production (IIP) for October marginally eased to 3.2 per cent from 3.30 per cent in September 2021. Similarly, on a year-on-year basis, the October output showed a decelerating trend from a growth of 4.5 per cent reported for the corresponding period of the previous fiscal.
CV volumes set to pick up on economic revival
According to the agency, the ease in restrictions on movement of goods by various state governments and the recovery in the core infrastructure sector continued to remain positive for the CV industry. On sequential basis, the agency said that total sales of all the four CV manufactures showed an encouraging 14 per cent MoM growth in October 2021 compared against September 2021.
Retail vehicle sales in Aug rose 14%, CV sales up 98%
Total retail vehicle sales for last month stood at 13,84,711, against 12,09,550 in August 2020, according to the data released by the Federation of Automobile Dealers Associations (FADA) on Tuesday. The data, however, showed that sales were lower by 14.75 per cent when compared to August 2019, a pre-covid month.