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A Brief Report On The Intending Price Hike Of Toyota India From January 2018

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A Brief Report On The Intending Price Hike Of Toyota India From January 2018
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Toyota Kirloskar Motor has become the latest addition to the line of car makers who have announced that their prices will be going up from 2018 onwards. It has recently stated that from January 2018 onwards all its cars would be costlier by 3 percent. The company has reached the decision after it reviewed the freight and input related expenses incurred by its vehicles at the manufacturing stage. The lineup of cars and vehicles at the disposal of the car maker from Japan can be said to be an enviable one indeed. It has sedans such as Etios and Etios Liva.

Following are some of its other top models that are available in India:

  • Corolla Altis
  • Innova Crysta
  • Camry Hybrid
  • The Land Cruiser range of cars
  • Fortuner
  • Prius Hybrid

Thanks to the increase in price it is expected that the basic version of Etios Liva would now become costlier by INR 16,000 and thereabouts. As far as the SUV (sports utility vehicle) named Fortuner is concerned the increase would be in the region of INR 81,000.

What is Toyota saying?

Toyota Kirloskar has come out with a statement where it has detailed the reasons for this price hike.

It has stated quite clearly that manufacturing vehicles have become costlier than before. The input costs of the company have been hampered on a regular basis by consistent fluctuations in foreign exchange rates and commodity prices around the world. The input costs have also been affected on the domestic front as well as on the import one. For some time Toyota has been bearing with these cost surges in an effort to save the customers.

Year-end deals

If you want to buy Toyota cars this December instead of January 2018 just so that you are able to escape the price rise then you would be happy to know that the automaker is looking to make the deal sweeter for you with a number of year-end deals. These deals are basically additional in nature. It is in this context that a campaign named Remember December Campaign has been started by Toyota. It has ongoing offers such as full-on road financing, special EMI (estimated monthly installment) packages, and interest rates of 4.99 percent.

Benefits on offer

The campaign also has some benefits that are within the region of INR 40,000 and INR 90,000. The benefit will be provided on the basis of the model you are buying and the region where the purchase is happening. The benefit will be provided to both government entities as well as corporate ones. The schemes will be there until December 31 this year. It can be expected that these benefits would indeed lead to some cars being sold during the Christmas season.

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