Toyota soon hike the price of their diesel cars in Asia
|   Monday, June 04, 2012
Toyota has announced recently that they are going to hike the price of their diesel cars in all Asian countries. Company told that in Asia, the demand of their petrol cars has been decreasing since some of the past years, but the demand of their diesel cars in increasing. To maintain the balance between the demand of both petrol and diesel cars, they have decided to hike the price of all their diesel cars in Asia.

On the other side, a Japanese news paper has shown that the company has hiked the price of their diesel cars in Asia just because the demand of the diesel cars has been increased.
According to that news, the main aim of Toyota is to keep the full advantage of this opportunity. Some competitors of Toyota has also decided to raise the price of their diesel cars in Asian countries

Toyota officially announced that they may hike that price of diesel cars up 8 to 12 percent in Asian countries. When company was asked about the date when new price will come into effect, they told that surely by the end of next month. Company also told that they don't have any plan to decrease the price of petrol cars in Asia.

Firstly it was decided by Toyota to hike price of diesel cars globally, but due to sales issues in some of the countries like Brazil, they have decided not to hike the price of diesel cars all over the world. On the other side the company has indicated that after hiking price of the diesel cars in Asia, they can hike the price of diesel cars in some European countries as well.
According to company, they were planning to hike the price of diesel cars in Asia since last year, but due to some reasons they decided not to hike it till April this year. In April they decided to hike the price in June.

A news channel recently shown a news that, this hike in the price of diesel cars by Toyota will not help them in maintaining a balance in the sales of petrol and diesel cars in Asia, but this may even decrease the demand of their diesel cars in Asia. According to that news channel, Asian people have lot of options of diesel cars as there are lots of automakers of diesel cars in Asia, and the price of those diesel cars is somewhere less than the price offered by Toyota. This is something that can affect the sale of diesel cars of Toyota in Asia. The news channel somewhere indirectly suggested Toyota to not to hike the price of their diesel cars in Asia.

When the company's CEO was asked about the final decision of hiking this price, he said that this is final and company doesn't have any plan to take this hike back. He also told that the company will not hike the price up to a great extent, and the hike will not put much financial burden on the buyers.
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