Japanese auto major Toyota will hike prices of its vehicles across all models in India by up to 3 per cent from January to offset rising input costs.
The company is currently celebrating the first anniversary of its Camry Hybrid in India during which it has sold 541 units
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
The measures government takes next to push economic growth will be the key for automotive sector
Auto firms have reported a good jump in sales for the month of December
Maruti Suzuki, Hyundai and Mahindra failed to register significant growth.
Maruti recorded 20 per cent jump in sales during November.
Exports in August were up 10.3 per cent to 12,472 units from 11,305 units in the same month of previous year.
During September, Maruti said it dispatched 1,375 units of the soon-to-be-launched sedan Ciaz.
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