Japan's top carmaker Toyota plans price hikes for almost all the vehicles it sells in the United States from October to appease its struggling US rivals, a report said.

Toyota Motor Corp was in the final stages of arranging the US price increases, which would be two to three percent on average, the mass-circulation Asahi Shimbun said without citing sources.

Toyota, which overtook Ford to become the world's second-largest automaker in terms of sales last year, plans to raise prices by partly reflecting high steel and other raw material costs and by reducing sales incentives, it said.