Toyota Prices Increase by Up to Rs 1.60 Lakh After GST Revision

0

Thanks to a recent increase in GST, Toyota Kirloskar Motor India has announced a substantial increase in prices of most of its cars. The Toyota Prices after GST see an increment of up to Rs 1.6 Lakh! Even Toyota’s budget-end sedan, the Etios, witnesses a price rise of up to Rs 13,000. Mostly, the Fortuner SUV, Innova Crysta MPV, Corolla D-segment sedan, and Etios C-segment sedan see a price increase. The price rise ranges between 2 percent to 7 percent. Prices of Etios Live and Camry Hybrid remain the same.

Toyota prices after gst increase

Also See – Prices of Luxury Cars and SUV Increase Due to GST Revision | How GST Affects Bike Prices? | Hyundai Creta Prices Increase after GST Revision

The recent price hike comes on the back of increase in GST rates for many cars. It is noteworthy here that the total tax incidence on cars, which included GST and cess, saw a considerable decrease with the introduction of GST. The GST council took note of this deficit in its 20th meeting on August 5. It then went on to recommend Central Government to move legislative amendments for increasing maximum cess leviable on cars.

Under the revised GST slab, additional cess one mid-size vehicles has been increase by 2 percent (to a total of 17 percent). Cess on large vehicles has been increase by 5 percent (to a total of 20 percent). On SUVs, the cess has been raised by 7 percent (to a total of 22 percent). As per the earlier rates, SUVs and large vehicles attracted a cess of 15 percent over the flat rate of 28 percent. Hence, the total tax incidence on mid-size cars stands at 45 percent. On large cars and SUVs, it’s now pegged at 8 percent and 50 percent respectively. Small cars and hybrids don’t see any change.

Toyota Prices After GST – Increase of Up to 1.60 Lakh

Model Increase in Price
Fortuner Rs 1.60 Lakh
Innova Crysta Rs 78,000
Corolla Altis Rs 72,000
Etios Rs 13,000
Etios Liva NIL
Camry Hybrid NIL

The change in GST rates have made most of the Toyota cars in India considerably pricier. The Fortuner costs Rs 1.6 lakh more while the Innova Crysta sees an increment of Rs 78,000 in its price. The Corolla Altis is now dearer by Rs 72,000. The Platinum Etios witnesses an increase of up to Rs 13,000.

Toyota Prices After GST Increase – Fortuner Price List

Model Ex-showroom Prices After GST Increase
2.8 2WD MT Rs  25.88 Lakh
2.8 2WD AT Rs  27.36 Lakh
2.8 4WD MT Rs  28.20 Lakh
2.8 4WD AT Rs  29.18 Lakh
2.7 2WD MT Rs  24.41 Lakh
2.7 2WD AT Rs  25.96 Lakh

The Fortuner witnesses an increase of up to Rs 1.60 lakh.

Toyota Prices After GST Increase – Innova Crysta Price List 

Model Ex-showroom Prices After GST
2.4 G MT Rs  13.52 Lakh
2.4 G MT 8-seater Rs  13.56 Lakh
2.4 GX MT Rs  14.36 Lakh
2.4 GX MT 8-seater Rs  14.50 Lakh
2.8 GX AT Rs  15.58 Lakh
2.8 GX AT 8S Rs  15.62 Lakh
2.4 VX MT Rs  17.02 Lakh
2.4 VX MT 8S Rs  17.07 Lakh
TOURING SPORT 2.4 MT Rs  17.73 Lakh
2.4 ZX MT Rs  18.85 Lakh
2.8 ZX AT Rs  20.07 Lakh
TOURING SPORT 2.8 AT Rs  20.78 Lakh
2.7 GX MT Rs  13.3 Lakh
2.7 GX AT Rs  14.35 Lakh
2.7 GX AT 8S Rs  14.39 Lakh
2.7 GX MT 8S Rs  14.4 Lakh
2.7 VX MT Rs  15.97 Lakh
TOURING SPORT 2.7 MT Rs  16.68 Lakh
2.7 ZX AT Rs  18.84 Lakh
TOURING SPORT 2.7 AT Rs  19.55 Lakh

The Innova Crysta witnesses an increase of up to Rs 78,000.

Toyota Prices After GST Increase – Corolla Altis Price List

Model Ex-showroom Prices After GST
1.4 DG Rs 16.65 Lakh
1.4 DGL Rs 18.27 Lakh
1.8 G Rs  14.88 Lakh
1.8 G CVT Rs  16.43 Lakh
1.8 GL Rs  17.16 Lakh
1.8 VL CVT Rs  18.67 Lakh

The Corolla Altis witnesses an increase of up to Rs 72,000.

Toyota Prices After GST Increase – Platinum Etios Price List 

Model Ex-showroom Price After GST Increase
1.4 GXD Rs  7.73 Lakh
1.4 VD Rs  8.0 Lakh
1.4 VXD Rs  8.6 Lakh
1.5 GX Rs  6.66 Lakh
1.5 V Rs  6.92 Lakh
1.5 VX Rs  7.53 Lakh

The Platinum Etios witnesses an increase of up to Rs 72,000.

So, what do you think of Toyota Prices After GST Increase? Don’t you think the change in GST tax slab will have a bad effect on new car sales? Share your views with us by penning them down in the comments section below.

  • Readers Rating
  • No Rating Yet!
  • Your Rating


LEAVE A REPLY