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.
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|
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.