After updating prices of Fortuner earlier this week, Toyota has now increased prices of Yaris and Innova Crysta range
Toyota Kirloskar Motor has announced that the price of Camry Hybrid and Vellfire variants will be increased. The price hike comes into effect in July 2020, and is being attributed to substantial rise in exchange rate.
Price hikes for vehicles are introduced each year, and sometimes they are designed over multiple slabs so the increase doesn’t get in the way of purchase decisions. With the new FY always being fertile ground for vehicle price revisions, these decisions have this year had to be reassessed.
India went into an extended lockdown toward the end of March 2020. Business have been limping back to life since May 2020. As a result, a number of decisions announced post budget have been delayed by atleast 2 months. With business coming to a standstill, domestic auto industry sales in April 2020 was reported at zero by all manufacturers.
In fact, some price revisions have been on hold post transition to BS6 upgrades. Before the pandemic, the Indian auto industry was transitioning to a BS6 compliant stage. The transition was to be completed by March 31, 2020. Toyota Fortuner BS6 was introduced in February 2020, but at the time the company didn’t increase the popular SUVs price tag. The hike has been effected from June 2020 and stands at about 1.5 percent at 48k price increase across variants.
New Price List of Toyota Cars – June 2020
|Yaris||Price ex-sh Rs lakh|
|J (O) MT||8.86|
|J (O) CVT||9.56|
|G (O) MT||9.86|
|G (O) CVT||11.06|
|V (O) MT||12.09|
|V (O) CVT||13.29|
|Innova Petrol||Price ex-sh Rs lakh|
|GX MT 7 Str||15.66|
|GX MT 8 Str||15.71|
|GX AT 7 Str||17.02|
|GX AT 8 Str||17.07|
|VX MT 7 Str||19|
|Touring Sport VX MT 7 Str||19.53|
|ZX AT 7 Str||21.78|
|Touring Sport ZX MT 7 Str||22.46|
|Innova Diesel||Price ex-sh Rs lakh|
|G MT 7 Str||16.44|
|G MT 8 Str||16.49|
|G+ MT 7 Str||17.09|
|G+ MT 8 Str||17.14|
|GX MT 7 Str||17.47|
|GX MT 8 Str||17.52|
|GX AT 7 Str||18.78|
|GX AT 8 Str||18.83|
|VX MT 7 Str||20.89|
|VX MT 8 Str||20.94|
|Touring Sport VX MT 7 Str||22.27|
|ZX MT 7 Str||22.43|
|ZX AT 7 Str||23.63|
|Touring Sport ZX AT 7 Str||24.67|
|Fortuner Petrol||Price ex-sh Rs lakh|
|Fortuner Diesel||Price ex-sh Rs lakh|
Price of the auto manufacturer’s bestselling Innova Crysta and Touring Sport diesel are now available at price hike ranging between 30k and 61k. When launched in January 2020 in its BS6 avatar, the vehicle was announced at a price hike but also with a celebratory offer. This meant, a price revision was impending all along.
For petrol variants, the price hike ranges from 30k to 44k. Toyota Glanza and Yaris prices too stand revised. In fact Yaris J variant price has been increased by Rs 1.68 lakhs. Following the revision, Yaris price range is now listed at Rs 8.86-14.30 lakh. Glanza at Rs 7.01-8.96 lakh. Yaris G variant is now costlier by Rs 1.2 lakh.
Camry Hybrid is currently listed below 40 lakh, and the Vellfire close to Rs 80 lakhs. Price revision for both will be announced in a month from now. To kickstart buying sentiment, companies are now working on a wide ranging EMI options. Following restart of business ops last month, Toyota reported 1,639 units sold in May 2020.