Toyota to raise car prices, and small car launch soon

diabloo · 17th March 2009, 15:50

Toyota India Increases Prices

The price hikes by Toyota Kirloskar Motor will be effective from April 1, 2009. The Corolla Altis will be costlier by Rs 10,000 to Rs 50,000.
As for consumers looking to buy the Innova, they will have to shell out Rs 10,000 to Rs 25,000 more.

Reason: "due to unavoidable reasons such as recent changes in the rupee/dollar and yen/dollar exchange rate, we are now required to make necessary revisions in pricing.”

Surprisingly, no news about Camry - may be to reduce the shock effect (like what happened to CRV).

Small Car from Toyota India By 2010

“The small car will be entirely new, designed specifically for the Indian market. Work on our second plant in Bangalore is on schedule and some of the additional capacity will be for the small car”.

loving_alaap · 17th March 2009, 16:45

Ha Ha Ha.

The same old reason to fool Indian customers yet other time.

But unlike Honda Toyota has blessed us by increasing only upto 50,000Rs.

(Honda upto 3.5 lacs!)

Thank you Toyota for doing such noble thing to us.

Sahil · 17th March 2009, 16:55

Damn, I saved close to 1.5 lakhs by buying a Dec 2008 mfd Altis in Jan 2009 as opposed to buying current mfd one in April !

sanjayatarizona · 17th March 2009, 17:01

The Japs need extra cash to pull themselves out of the recession and India is a good place to start...

vineethvazhayil · 17th March 2009, 17:03

Yeah, if Toyota increased the prices of the already sky high Camry, Indians will forget the car altogether!

diabloo · 17th March 2009, 18:24

3.5L was for CRV. Civic had hikes between 50K & 60K - comparable with Altis.
Smart Toyota hasn't announced hike for Camry.

Quote:

Originally Posted by loving_alaap

But unlike Honda Toyota has blessed us by increasing only upto 50,000Rs.

(Honda upto 3.5 lacs!)

Thats a good one

Quote:

Originally Posted by sanjayatarizona

The Japs need extra cash to pull themselves out of the recession and India is a good place to start...

srishiva · 17th March 2009, 18:51

Quote:

Originally Posted by sanjayatarizona

The Japs need extra cash to pull themselves out of the recession and India is a good place to start...

Since India is one a few countries not in recession yet, they need to support the world economies !!

sps · 18th March 2009, 00:36

If I remember correctly there was a hike in Innova prices before the new version was launched by about 10k to 20k in january first week or so.
When the new innova was launched they announced that there is no price hike.
Wondering whether other manufactures will also follow suite. Car loans are cheaper now. But car prices are increasing. So all back to square one.

17th March 2009, 15:50	#1
diabloo BANNED Join Date: Jun 2007 Location: Bengalooru Posts: 1,469 Thanked: 4 Times	Toyota to raise car prices, and small car launch soon Toyota India Increases Prices The price hikes by Toyota Kirloskar Motor will be effective from April 1, 2009. The Corolla Altis will be costlier by Rs 10,000 to Rs 50,000. As for consumers looking to buy the Innova, they will have to shell out Rs 10,000 to Rs 25,000 more. Reason: "due to unavoidable reasons such as recent changes in the rupee/dollar and yen/dollar exchange rate, we are now required to make necessary revisions in pricing.” Surprisingly, no news about Camry - may be to reduce the shock effect (like what happened to CRV). Small Car from Toyota India By 2010 “The small car will be entirely new, designed specifically for the Indian market. Work on our second plant in Bangalore is on schedule and some of the additional capacity will be for the small car”.
	() Thanks

17th March 2009, 16:45	#2
loving_alaap BHPian Join Date: Sep 2007 Location: Ahmedabad Posts: 772 Thanked: 0 Times	Ha Ha Ha. The same old reason to fool Indian customers yet other time. But unlike Honda Toyota has blessed us by increasing only upto 50,000Rs.(Honda upto 3.5 lacs!) Thank you Toyota for doing such noble thing to us.
	() Thanks

17th March 2009, 16:55	#3
Sahil Distinguished - BHPian Join Date: May 2004 Location: Bombay Posts: 4,191 Thanked: 240 Times	Damn, I saved close to 1.5 lakhs by buying a Dec 2008 mfd Altis in Jan 2009 as opposed to buying current mfd one in April !
	() Thanks

17th March 2009, 17:01	#4
sanjayatarizona BHPian Join Date: Mar 2008 Location: "God's own Shaap" Posts: 351 Thanked: 0 Times	The Japs need extra cash to pull themselves out of the recession and India is a good place to start...
	() Thanks

17th March 2009, 17:03	#5
vineethvazhayil Senior - BHPian Join Date: Apr 2007 Location: Chicagoland Posts: 1,097 Thanked: 179 Times View My Garage	Yeah, if Toyota increased the prices of the already sky high Camry, Indians will forget the car altogether!
	() Thanks

18th March 2009, 00:36	#8
sps BHPian Join Date: Jan 2009 Location: Trivandrum Posts: 175 Thanked: 7 Times View My Garage	If I remember correctly there was a hike in Innova prices before the new version was launched by about 10k to 20k in january first week or so. When the new innova was launched they announced that there is no price hike. Wondering whether other manufactures will also follow suite. Car loans are cheaper now. But car prices are increasing. So all back to square one.
	() Thanks

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