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Toyota’s updated retail prices reflect increases ranging from Rs. 49,000 to Rs. 600,000, depending on the model and variant.
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The increases come after the president put new tariffs in place, but Toyota denies the tariffs are playing a direct role.
Toyota is known for its high-quality cars, trucks, and SUVs for a low price, but according to a Reuters report, the company will be raising its prices soon.
NEW YORK -- Toyota Motor will raise prices in the U.S. next month by an average of $270 for Toyota brand vehicles, based on market trends and rival pricing strategies.
Toyota said U.S. tariffs will cost its business $1.3 billion over April and May. Meanwhile, Ford is raising prices on three car models made in Mexico.
Toyota is set to become the latest automaker to raise prices in response to tariffs. In a recent interview, an executive implied “significant price increases” are necessary. Ford, Subaru, and ...
Japanese and South Korean automakers are beginning to pass rising trade costs onto American consumers as hopes for a swift ...
Toyota sales jump ahead of price increases caused by Trump's tariffs Sales of vehicles it builds in San Antonio were up in April after declining in March.
The RAV4 lineup will include plug-in hybrid and performance GR-Sport models as Toyota looks to expand sales of its No. 1 selling vehicle.
Major brands announce consumer price increases, as General Motors pulls its 2025 forecast due to tariff changes.
Industry analysts suggest that any price increase could impact Sony’s competitive position against Microsoft’s Xbox Series X, which may face similar tariff challenges.