Toyota Announces Substantial Price Cuts Across Entire Lineup in India

New Delhi – Toyota Kirloskar Motor has unveiled sweeping price reductions on its complete range of vehicles, effectively transferring the benefits of the recent Goods and Services Tax (GST) rate adjustment directly to consumers.This strategic move, timed perfectly before the upcoming festive season, aims to make several popular Toyota models more accessible and appealing to potential buyers.

Price Adjustments Across Segments

The price revisions span Toyota’s diverse portfolio, with considerable changes observed in both mid-range and premium segments. Significant reductions have been applied to key models such as the Innova Crysta, now offered at a lower price point of up to Rs 1.80 lakh. Similarly, the Innova hycross and the compact SUV Taisor benefit from price drops of up to Rs 1.15 lakh and Rs 1.11 lakh respectively.

For buyers seeking more budget-friendly options,Toyota’s Glanza hatchback is now available with a reduction of up to Rs 85,300. The Rumion MPV also sees a price adjustment, with savings of up to Rs 48,700. The hybrid SUV, Urban Cruiser Hyryder, is more affordable with a decrease of up to Rs 65,400.

Steepest Cuts for Premium Models

Toyota’s high-end vehicles experience the moast substantial price reductions. the Fortuner, a popular choice in the SUV category, is now cheaper by up to Rs 3.49 lakh, while the Legender model benefits from a price cut of up to Rs 3.34 lakh. The Hilux lifestyle pickup truck sees a reduction of up to Rs 2.52 lakh, and luxury options like the Vellfire and Camry are now available at lower prices of up to Rs 2.78 lakh and Rs 1.01 lakh respectively.

Toyota anticipates heightened demand across all segments, particularly for models like the Fortuner, Innova, and Hyryder, which have already garnered significant customer interest in the Indian market. The company is encouraging interested buyers to contact their local dealerships to confirm specific pricing and to secure early bookings for timely festive season deliveries.

Did You Know? The recent GST changes are part of a broader effort by the Indian government to rationalize the tax structure for automobiles, encouraging growth in the automotive sector.

Classic Legends, a domestic motorcycle manufacturer, has followed suit, announcing price adjustments for its Jawa and Yezdi models, with select options now priced below Rs 2 lakh as the festive season nears.

Understanding GST 2.0 and its Impact

The recent overhaul of the GST framework, dubbed GST 2.0, categorizes internal combustion engine (ICE) vehicles into 18 percent and 40 percent tax brackets. smaller vehicles, including hatchbacks and compact SUVs, fall into the lower 18 percent category, while larger and more luxurious models are subject to the 40 percent levy. Previously, ICE vehicles where taxed at 28 percent alongside a variable compensation cess. Electric vehicles continue to benefit from a 5 percent GST rate, with hydrogen fuel cell vehicles also receiving a reduced rate of 5 percent, down from 12 percent.

Pro Tip: When considering a vehicle purchase, it’s vital to compare on-road prices, including registration and insurance costs, in addition to the ex-showroom price. This will give you a clear understanding of the total cost of ownership.

What are your thoughts on these Toyota price reductions? Do you think this is a good time to purchase a new vehicle?