Toyota to hike prices of Innova, Corolla Altis

aaggoswami · 28th December 2008, 15:24

Toyota and Honda are still playing the premium card.
In these times if they increase prices then I am sure they will get hit.
Xylo is coming and Civic is not an easy competetion. So they will lose. It looks this is a move to clear stock of 2008. Actually I believe the price will come down.

bhp1 · 28th December 2008, 16:19

Japan's economy has also taken a big hit, Honda & Toyota are suffering in their important markets both at home & abroad, I see a window of opportunity opening for new frugal manufacturers emerging on the scene!
Honda & Toyota maybe premium brands here but having used products from both the manufacturers, Im a fan of none now. Paying premium prices for their products should be a passe now.

Volt · 28th December 2008, 17:34

Most manufacturers are saying that they would increase prices in Jan 2009. I think its more of a marketing ploy to push sluggish December sales, than anything else. In such a market it would be harakiri for anyone (Toyota and Honda included), to even think of increasing prices.

lin-jo · 6th January 2009, 13:46

So now that the new year has come, has toyota gone ahead and hiked the prices of the Innova and the Altis? Are the discounts that had been given for Innova still on?
In Bangalore, anybody has an idea on any and how much discounts going on for Innova?

Ym-enjn · 6th January 2009, 17:35

In an ad in news paper in jaipur yesterday Innova was still available with 60000 discount. It was same as in 2008.

Proxima · 6th January 2009, 18:03

i don't think any car manufacturer will increase prices because of the global financial crisis.

lin-jo · 6th January 2009, 20:02

Looks like Toyota DID increase the price of the Innova. Ravindu Toyota's(Bangalore) site shows the ex-showroom price of the G4 2.5 as 946000 odd.
And they mention the price is as of 1st Jan 2008.

CBlazer · 6th January 2009, 20:18

Toyota seems to have increased prices of at least the Corolla. The base Altis is now 10.63L (ex-showroom, Bangalore). This was around 10.47L when I checked in late December.

Sahil · 8th January 2009, 15:59

Prices have indeed been increased the top end ALTIS VL AT costed 12.38 ex showroom without octroi & the new price is 12.63 without octroi.
New pricing has been updated on their website too.
As expected Toyota was true to their statement rather than entice consumers to buy in Dec'08 due to an expected price hike in Jan'09. Unlike unethical Honda !

28th December 2008, 15:24	#16
aaggoswami Senior - BHPian Join Date: May 2007 Location: Vadodara Posts: 4,982 Thanked: 2,931 Times	Toyota and Honda are still playing the premium card. In these times if they increase prices then I am sure they will get hit. Xylo is coming and Civic is not an easy competetion. So they will lose. It looks this is a move to clear stock of 2008. Actually I believe the price will come down.
	() Thanks

28th December 2008, 16:19	#17
bhp1 BANNED Join Date: Jul 2008 Location: NA Posts: 513 Thanked: 4 Times	Japan's economy has also taken a big hit, Honda & Toyota are suffering in their important markets both at home & abroad, I see a window of opportunity opening for new frugal manufacturers emerging on the scene! Honda & Toyota maybe premium brands here but having used products from both the manufacturers, Im a fan of none now. Paying premium prices for their products should be a passe now.
	() Thanks

28th December 2008, 17:34	#18
Volt BHPian Join Date: Sep 2008 Location: Mumbai Posts: 183 Thanked: 5 Times	Most manufacturers are saying that they would increase prices in Jan 2009. I think its more of a marketing ploy to push sluggish December sales, than anything else. In such a market it would be harakiri for anyone (Toyota and Honda included), to even think of increasing prices.
	() Thanks

6th January 2009, 13:46	#19
lin-jo BHPian Join Date: Oct 2008 Location: Bangalore Posts: 35 Thanked: 2 Times View My Garage	Did Toyota finally increase their prices for Innova/Altis So now that the new year has come, has toyota gone ahead and hiked the prices of the Innova and the Altis? Are the discounts that had been given for Innova still on? In Bangalore, anybody has an idea on any and how much discounts going on for Innova?
	() Thanks

6th January 2009, 17:35	#20
Ym-enjn Senior - BHPian Join Date: Jun 2008 Location: Jaipur Posts: 1,039 Thanked: 59 Times	In an ad in news paper in jaipur yesterday Innova was still available with 60000 discount. It was same as in 2008.
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6th January 2009, 18:03	#21
Proxima BHPian Join Date: Jul 2006 Location: Chennai Posts: 910 Thanked: 302 Times	i don't think any car manufacturer will increase prices because of the global financial crisis.
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6th January 2009, 20:02	#22
lin-jo BHPian Join Date: Oct 2008 Location: Bangalore Posts: 35 Thanked: 2 Times View My Garage	Looks like Toyota DID increase the price of the Innova. Ravindu Toyota's(Bangalore) site shows the ex-showroom price of the G4 2.5 as 946000 odd. And they mention the price is as of 1st Jan 2008.
	() Thanks

6th January 2009, 20:18	#23
CBlazer BHPian Join Date: Sep 2006 Location: Bangalore Posts: 596 Thanked: 17 Times	Toyota has increased Altis prices Toyota seems to have increased prices of at least the Corolla. The base Altis is now 10.63L (ex-showroom, Bangalore). This was around 10.47L when I checked in late December.
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8th January 2009, 15:59	#24
Sahil Distinguished - BHPian Join Date: May 2004 Location: Bombay Posts: 6,292 Thanked: 7,607 Times	Prices have indeed been increased the top end ALTIS VL AT costed 12.38 ex showroom without octroi & the new price is 12.63 without octroi. New pricing has been updated on their website too. As expected Toyota was true to their statement rather than entice consumers to buy in Dec'08 due to an expected price hike in Jan'09. Unlike unethical Honda ! Last edited by Sahil : 8th January 2009 at 16:04.
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