Bangalore, 1st July, 2017: Toyota Kirloskar Motor revises prices reducing it upto 13% effective from July 1st 2017. This development is prompted by the GST implementation and we would like to pass on the benefits to customers on an immediate basis.
Expressing his views on the post GST price Mr. N. Raja, Director & Sr. Vice President, Marketing and Sales, Toyota Kirloskar Motor said “We are happy to pass on the benefits of GST rates on vehicles to our customers. Customer First philosophy has always been our cornerstone, thus we are delighted that with the GST rates our best quality products will become more affordable for buyers. With the roll-out of GST from July 1st ’17, the approximate price decrease in Bangalore for Innova Crysta will be upto Rs 98,500, All New Fortuner upto Rs 2,17,000. All New Corolla Altis will witness a price dip upto Rs 92,500
Platinum Etios prices reduced upto Rs 24,500 and Etios Liva upto Rs 10,500
The company however will have to hike the prices of hybrid variants Toyota Camry and Toyota Prius with the strong hybrid technology by over Rs 3.5 lakhs in Bangalore and going upto Rs 5.24 lakhs in Delhi as per applicable tax under GST framework.
The price change will vary from state to state, model to model and variant by variant depending on tax rates applicable prior to GST.
Our products Innova, Fortuner, Corolla Altis have been segment leaders since their launch and have been highly appreciated by customers in India. Customers have time and again reinforced their trust on Toyota products backed by QDR philosophy. Our models have received overwhelming response owing to the attributes of best resale value, low cost of ownership, unmatched safety features and quality services offered by our dealers.
We are hopeful that the price decrease post GST will further boost the customer demands in the coming months. The GST will be fruitful for the growth of the Indian auto industry. We think the industry will break into double digit growth territory this year.
We believe that India ‘s much awaited tax reform will be a big success.