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Toyota Kirloskar Motor (TKM) slashes prices of almost all its cars to pass on the advantage of reduced GST rates to customers
Toyota Kirloskar Motor (TKM) has announced price cuts of up to 3.5 lakh rupees after the GST rates on new cars were reduced on 3rd September. The company says it will fully pass on the benefits of the reduced tax rates, effective from 22nd September.
On its cheapest car, the Toyota Glanza, priced from 6,99,000 rupees to 9,99,000 rupees, TKM has announced price cuts of up to 85,000 rupees. On the Toyota Urban Cruiser Taisor, the crossover derived from the hatchback, priced in the 7,88,500-13,18,500-rupee range, customers will now save up to 1,11,100 rupees.
Moving up the line-up, the Toyota Rumion, which TKM offers in the 10,81,500-14,10,500-rupee range, is getting the smallest price cuts of up to 48,700 rupees. The Toyota Urban Cruiser Hyryder, the prices of which fall between 11,34,000 rupees and 20,19,000 rupees, will similarly see price reductions of up to just 65,400 rupees.
Also Read: 6 Upcoming New Gen SUVs In India – Kia To Toyota
|
Model |
Ex-showroom Price |
Reduction in Price |
|
Glanza |
INR 6,99,000-9,99,000 |
Up to INR 85,300 |
|
Urban Cruiser Taisor |
INR 7,88,500-13,18,500 |
Up to INR 1,11,100 |
|
Rumion |
INR 10,81,500-14,10,500 |
Up to INR 48,700 |
|
Urban Cruiser Hyryder |
INR 11,34,000-20,19,000 |
Up to INR 65,400 |
|
Innova Hycross |
INR 19,09,000-32,58,000 |
Up to INR 1,15,800 |
|
Innova Crysta |
INR 19,99,000-27,17,500 |
Up to INR 1,80,600 |
|
Hilux |
INR 30,40,000-37,90,000 |
Up to INR 2,52,700 |
|
Fortuner |
INR 36,05,000-52,34,000 |
Up to INR 3,49,000 |
|
Fortuner Legender |
INR 44,51,000-50,09,000 |
Up to INR 3,34,000 |
|
Camry |
INR 48,50,000-48,65,000 |
Up to INR 1,01,800 |
|
Vellfire |
INR 1,22,30,000-1,32,50,000 |
Up to INR 2,78,000 |
|
Land Cruiser 300 |
INR 2,31,00,000-2,41,00,000 |
– |
While the aforementioned cars are rebadged Maruti Suzuki models, TKM’s original Toyota line-up starts with the Toyota Innova Hycross. Priced from 19,09,000 rupees to 32,58,000 rupees, the premium MPV will see price cuts of up to just 1,15,800 rupees. The body-on-frame Toyota Innova Crysta, which costs anywhere between 19,99,000 rupees and 27,17,500 rupees, will get cheaper by up to 1,80,600 rupees, offering much bigger savings.
The Toyota Hilux, the pickup truck from which the Toyota Fortuner has been derived, is priced between 30,40,000 rupees and 37,90,000 rupees. TKM plans to reduce its prices by up to 2,52,700 rupees. The Toyota Fortuner, on the other hand, which costs 36,05,000-52,34,000 rupees, will see the biggest price cuts, of up to 3,49,000 rupees. The Toyota Fortuner Legender, officially marketed as a separate Toyota Legender model in our market, retails at 44,51,000-50,09,000 rupees. It will get cheaper by up to 3,34,000 rupees.
Also Read: Toyota’s First EV For India Urban Cruiser BEV: What We Know So Far
Higher up in the range, the Toyota Camry hybrid sedan, the prices of which range between 48,50,000 rupees and 48,65,000 rupees, will see price cuts of up to 1,01,800 rupees. The Toyota Vellfire, which is a CBU import and costs 1,22,30,000-1,32,50,000 rupees, will get cheaper by up to 2,78,000 rupees.
The Toyota Land Cruiser 300, also a CBU import and TKM’s flagship model, is priced between 2,31,00,000 rupees and 2,41,00,000 rupees. The company appears to have paused its sales this year, having not delivered a single unit throughout the year. It has not announced any price cut for this SUV, reinforcing the view.
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