Toyota Innova Crysta And Fortuner Prices Surged Post Cess Revision

  • 14th, Sep 2017 2:12 PM
  • Mayank Sharma
  • View: 1779
  • badnormalgoodbetterbest  (1 rate)

In alignment with GST Council, Toyota Kirloskar Motor has hiked the prices of mid-sized, large-size cars and SUVs up to INR 1.6 lakh in accordance of increased cess between 2 to 7%. Following the same, the prices of Innova Crysta, MPV, Etios Platinum, Corolla Altis, and SUV Fortuner have leveled up, and small cars like Camry and Etios Liva are ostracized from the list.

With the cess revision, the Japanese manufacturer Toyota gets the burden of price rise which it load off with its customer and escalated the price in above mentioned segment between INR 13,000 and INR 1.6 lakh. Favoring the hike, TKM Director, N. Raja said,“Following the ordinance on GST amendment, we have to revise the price of our products in line with the cess hike which may nearly reflect the prices in the pre-GST scenario,”

The Refurbished Price List For TKM Cars:

Name Of The CarBefore Cess PriceApplied RateAfter Cess PricePrice VariationConsumer Benefits Post GST
Toyota Etios INR 6.66-8.60 lakh Approx. 2% INR 6.79-8.73 lakh INR 13,000 INR 10,000-20,000
Toyota Innova crysta INR 13.30-20.78 lakh Approx 6% INR 14.08-21.56 lakh INR 78,000 INR 11,000-59,000
Toyota Corolla Altis INR 14.88-18.67 lakh Approx 4.8% INR 15.60-19.39 lakh INR 72,000 INR 26,000-52,000
Toyota Fortuner INR 24.41-29.18 lakh Approx 6.6% INR 26.01-30.78 lakh INR 1.6 lakh INR 65,000-1.08 lakh

 Recommended: GST Cess Hike on Larger Cars, SUVs; Small Cars Unaffected

Consumer Benefits Reside Post GST

In spite of price rise, a customer will be end up with a gain after GST implementation. If we compare the data before and after GST implementation, we come up with the positive repercussions of GST on Toyota cars prices.

For example Post GST, the price of Etios has come down by INR 23,000 on base price and after cess implementation and cutting INR 13,000 as additional cess, the customers will still be leaving with INR 10,000 as savings on Etios.