Team-BHP > The Indian Car Scene


Reply
 
Thread Tools Search this Thread
Old 12th October 2021, 15:30   #61
BHPian
 
anuragbagur's Avatar
 
Join Date: Dec 2014
Location: Bangalore
Posts: 41
Thanked: 42 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

The pricing is clearly atrocious for a value conscious buyer but then, the prospective buyers of this vehicle are not someone who will be value conscious - babus, businessmen, contractors and like. Clearly a case of milking customers as there is no direct competition. I for one will never think of plonking 50 big ones for this! I can get a Thar for pure off-road fun and buy XUV 700 too if I need to move people in luxury and still have some spare money left! Hyundai/ Kia needs to seriously consider bringing in their flagship Telluride.
anuragbagur is offline   (1) Thanks
Old 12th October 2021, 17:08   #62
BHPian
 
ulhas.ahirrao's Avatar
 
Join Date: Dec 2009
Location: Mumbai
Posts: 225
Thanked: 277 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by vishy76 View Post
Toyota is going to laugh all the way to the bank.
Quote:
Originally Posted by Bibendum90949 View Post
Toyota is milking Indian buyers.
A lot of you may not be aware but in FY21 Toyota Kirloskar has delivered INR -55 Cr. (minus 55 cr.) of net profit. Basically they are in loss. Such price hikes are expected, it's literally about staying afloat! The only way for them to survive 'in current situation' is to sell Fortuner and Innova at high margins and fund rest of the models / operations.
ulhas.ahirrao is offline  
Old 12th October 2021, 17:21   #63
BHPian
 
WorkingGuru's Avatar
 
Join Date: Sep 2013
Location: Bangalore
Posts: 353
Thanked: 1,202 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by ulhas.ahirrao View Post
A lot of you may not be aware but in FY21 Toyota Kirloskar has delivered INR -55 Cr. (minus 55 cr.) of net profit. Basically they are in loss...
AFAIK Their dealers have the rather low margins not just in sales, but even in service, i.e. compared to the industry. Moreover, Toyota controls its dealer operations quite sternly.

If they're still in losses, they need to introspect about their costs and royalties.
WorkingGuru is online now  
Old 12th October 2021, 17:28   #64
BHPian
 
Join Date: Sep 2014
Location: Bangalore
Posts: 90
Thanked: 45 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by ulhas.ahirrao View Post
A lot of you may not be aware but in FY21 Toyota Kirloskar has delivered INR -55 Cr. (minus 55 cr.) of net profit. Basically they are in loss. Such price hikes are expected
If they are selling these overpriced products(compared to other manufacturers) at a segment leader position in terms of # vehicles sold and still making losses something is seriously wrong in the management that Toyota needs to introspect
ssateesh is offline  
Old 12th October 2021, 17:49   #65
BHPian
 
Join Date: Mar 2018
Location: Thane - MH04
Posts: 356
Thanked: 1,403 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by ulhas.ahirrao View Post
A lot of you may not be aware but in FY21 Toyota Kirloskar has delivered INR -55 Cr. (minus 55 cr.) of net profit. Basically they are in loss.
Quote:
Originally Posted by ssateesh View Post
If they are selling these overpriced products(compared to other manufacturers) at a segment leader position in terms of # vehicles sold and still making losses something is seriously wrong in the management that Toyota needs to introspect
Hehe, while I do understand the need to stay afloat, I am sure that is not the case with Toyota.

Paper/Accounting Losses is a different ball game and looking at their presence/dominant position in target markets/segments, I doubt they are finding it hard to survive here.

They are milking what they can just as any business house would do. What is commendable with Toyota is the quality control which most of us would agree here on this forum. It is us, the demand side, that needs to decide if a Fortuner at 50L is worth or not. Time and Market Dynamics will tell us if this is indeed the correct price or not
sunilch is offline   (1) Thanks
Old 12th October 2021, 23:06   #66
BHPian
 
Join Date: Dec 2019
Location: Mapusa - Goa
Posts: 26
Thanked: 64 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by cool_dube View Post
That, my friend, is the crux of the matter! If one wants a monocoque crossover (with/without AWD) there are options aplenty across all budgets. But when it comes to a ladder-frame 7-seater SUV with "proper" (read low-range) 4wd hardware, there is nothing else out there - Endeavour is gone, Alturas is counting its days here, Isuzu is not interested in selling the MU-X here, and Gloster is yet to prove its mettle, Chinese pedigree notwithstanding!
[/i]
I agree here. There are no hardcore off-road vehicles to really challenge the Fortuner. The V-Cross is a decent alternative, but Isuzu is taking this market lightly. They don't even have a large dealer network till date.
Wish Tata would stop shying away from 4WD systems and incorporate one in the Harrier or the Safari, which otherwise are great cars having a butch street presence. A 4WD variant on either or both would really compliment the road presence and would definitely be a success if priced in the 30 - 35 lakh price bracket.
Clayton Crasto is offline  
Old 13th October 2021, 00:19   #67
BHPian
 
Porcupine's Avatar
 
Join Date: Apr 2017
Location: Mumbai
Posts: 441
Thanked: 972 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

I think it touches or even possibly crosses the 50lakh mark in Maharashtra. It should clock in at 50-51 lakhs by my calculation. I'm sure it's crossed that mark in other states too.
Porcupine is offline  
Old 13th October 2021, 16:12   #68
Distinguished - BHPian
 
anjan_c2007's Avatar
 
Join Date: Jul 2008
Location: India
Posts: 6,860
Thanked: 11,684 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

A milestone reached and a psychological barrier breached!

Why not ? Diesel has breached the Rs 100/- barrier so the Fortuner at Rs 50 L is not surprising. The politicians revel seeing its imposing and aggressive frontal looks, the very, very attractive white shade that's much more imposing than their older, discarded Ambassadors. Never mind the price tag or the interior space crunch which the politicians have no time to understand or criticise. The lesser politicians see their bigger counterparts using Fortuners and the choice trickles down to the lower levels. The white Fortuner with a national flag hoisted on a mast either on the bonnet or fender replaces the Ambassador as a symbol of power come 2021.

Its sibling Innova has also breached the Rs 25 L barrier, the top variant selling for around Rs 29 L on road.

Though the politicians preach "make in India" but many components for the Fortuner must be imported attracting higher import duties and these price tags compounded with Toyota's call to customers yelling "gimme all your money" adds to round up the price to Rs 50 L.

Last edited by anjan_c2007 : 13th October 2021 at 16:13.
anjan_c2007 is offline   (1) Thanks
Old 13th October 2021, 17:25   #69
BHPian
 
MaddyCrew's Avatar
 
Join Date: Jul 2007
Location: SYD
Posts: 104
Thanked: 121 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by Thermodynamics View Post
Could you please compare the breakup with Indian tax rates, just curious to know how different are prices before taxes. FYI we have in India 28% GST + 20% Cess. And road tax can be anywhere between 3 to 24% that is applicable on price including GST + Cess (tax on tax). So the resultant tax would be 52% to 83% of vehicle price.
Forget about taxes, there is a big difference in the prices:
  • Top Spec Fortuner (Crusade 4WD AT) in Sydney - AUD 62,000 (INR 34,36,708)
  • Top Spec Fortuner (4WD AT) in Bangalore - AUD 68,880 (INR 38,18,000)
  • Top Spec Legender (4WD AT) in Bangalore - AUD 76,350 (INR 42,33,000)
    * All approx. ex-showroom prices, converted on Google
That is a massive INR 8,00,000 (AUD 14,350) premium for those fancy headlamps and a body kit. Remember, Fortuner's are manufactured in India while they are CBUs imported into Australia.

Coming to your question, IMHO a comparison would not be fair. The whole system (not just taxation) is so different between the two countries. To give you a fair idea, the components in a car's on-road price in Australia are:

1. GST* - 10% of the vehicle price
For the fortuner - included in the MSRP which is approx. AUD 62,000

2. Stamp Duty* - $3 per $100, or part thereof, of the MSRP. For vehicles valued over $45,000, stamp duty is $1,350 plus $5 per $100 of the MSRP over $45,000
For the fortuner - approx. AUD 2,200.00 per year

3. Registration Fee* - AUD 68.00 + a fee based on vehicle weight + additional charges
For the fortuner - approx. AUD 594.00 per year

4. Compulsory Third Party (CTP) insurance* - determined based on a variety of factors - type of car, primary location, age of owner, driving history of the owner, other drivers etc.
For the fortuner - AUD 434.77 - AUD 740.63 per year

5. Luxury Car Tax (LCT)* - 33% LCT applies to vehicles of value $69,152 or more.
For the fortuner - N.A. (since the MSRP is approx. AUD 62,000)

6. Dealer Fees - Usually a flat fee that varies from one dealer to another
For the fortuner - approx. AUD 2000.00

Note
Items# 2, 3 & 4 can vary from one state to the other. Above examples are for New South Wales (of which Sydney is a part of).
* - Indicates government mandated fees/ charges

Last edited by MaddyCrew : 13th October 2021 at 17:28.
MaddyCrew is offline   (1) Thanks
Old 14th October 2021, 00:46   #70
Newbie
 
Sunderdeep's Avatar
 
Join Date: Aug 2021
Location: Ludhiana
Posts: 15
Thanked: 33 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Toyota Fortuner crossing 50 Lacs on-road is still the second-best rip-off by a brand towards their loyal buyers. The first one still remains charging adapter not coming in the iPhone box.
Sunderdeep is offline   (2) Thanks
Old 15th October 2021, 17:29   #71
BHPian
 
Rajith's Avatar
 
Join Date: Jul 2008
Location: bangalore
Posts: 625
Thanked: 467 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

My 4x4 AT Legender boy!.
Attached Thumbnails
Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore-47dff7d1b9bd46cd890c89cd2d09c3cf.jpeg  

Rajith is offline   (9) Thanks
Old 15th October 2021, 19:33   #72
Kln
BHPian
 
Kln's Avatar
 
Join Date: Feb 2021
Location: Ahmedabad
Posts: 61
Thanked: 337 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by Rajith View Post
My 4x4 AT Legender boy!.
What an absolute beauty. Congrats! Do share how is the ownership experience, especially the suspension and ride quality.
Kln is offline  
Old 15th October 2021, 19:37   #73
Senior - BHPian
 
cool_dube's Avatar
 
Join Date: Sep 2004
Location: Bangalore
Posts: 2,185
Thanked: 2,671 Times
Default Re: Toyota Fortuner crosses hallowed 50-lakh OTR price in Bangalore

Quote:
Originally Posted by Kln View Post
What an absolute beauty. Congrats! Do share how is the ownership experience, especially the suspension and ride quality.
We have quite an elaborate ownership report here (2021 Toyota Fortuner 4x4 AT | Ownership Review) from PrideRed on his 4x4 AT. I don't think there would be any difference between a Fortuner and Legender when it comes to suspension and ride quality.
cool_dube is offline   (1) Thanks
Reply

Most Viewed
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Copyright 2000 - 2021, Team-BHP.com
Proudly powered by E2E Networks