Demonetization Gives Toyota Kirloskar A Tough Time
Wednesday, December 28, 2016, 9:55 AM
Managing Director of Toyota Kirloskar Motors, Akito Tachibana, said that 2016 has been the toughest year of Toyota’s India operations. Demonetization has dealt a severe blow to Toyota. There has been a downfall of 30-40% post demonetization. Toyota Kirloskar Motors will increase the prices of its vehicles by 3%, from January 2017, across product portfolios.