Second price hike by Toyota this year, with effect from September 1, 2012
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Japanese car maker Toyota announced its second price hike this year, citing losses owing to the devaluation in the value of rupee against the US dollar. Earlier in June this year, Toyota Kirloskar Motor (TKM) announced a hike of 1 per cent, but later the company revalued the increase to 1.5 per cent.
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