The new GST 2.0 reform has started showing its effect in the automobile industry. Toyota Kirloskar Motor (TKM) has announced a big price cut across its entire product lineup. The revised prices will be applicable from 22nd September, making several popular Toyota models more affordable.
Big Savings on Premium Models
Some of Toyota’s flagship models have received the largest price cuts:
- Toyota Fortuner: Up to ₹3.49 lakh cheaper
- Fortuner Legender: Up to ₹3.34 lakh cheaper
- Vellfire MPV: Price down by ₹2.78 lakh
- Hilux pickup: Reduced by ₹2.53 lakh
These significant reductions will make Toyota’s premium range more attractive for customers who were earlier holding back due to high costs.
Price Revision for Innova, Camry and More
Apart from the flagship models, Toyota has also cut prices on its family and executive cars:
- Innova Crysta: Up to ₹1.81 lakh off
- Innova Hycross: Reduced by ₹1.16 lakh
- Toyota Taisor: Now cheaper by ₹1.11 lakh
- Toyota Camry: Price drop of ₹1.02 lakh
This move will likely boost demand for Toyota’s strong hybrid offerings like the Innova Hycross and Camry.
Mainstream Models Become More Affordable
For budget-conscious buyers, Toyota’s entry-level cars have also seen a revision:
- Toyota Glanza: Price reduced by ₹85,300
- Urban Cruiser Hyryder: ₹65,400 price drop
- Toyota Rumion: ₹48,700 more affordable
This ensures that even first-time car buyers can benefit from the GST 2.0 effect.
Why GST 2.0 Matters for Car Buyers
The GST 2.0 reform is aimed at rationalising taxes on passenger vehicles, making cars more affordable for the middle class and premium buyers alike. By passing on the full benefit to customers, Toyota is expected to see a strong demand boost during the upcoming festive season.
Market Impact
The timing of this announcement is perfect with Navratri, Dussehra, and Diwali around the corner. Analysts believe that these price cuts will not only increase Toyota’s sales but also push competitors to offer festive discounts to remain competitive.
Conclusion
With price reductions of up to ₹3.49 lakh, Toyota has made its cars significantly more attractive under GST 2.0. From the Fortuner and Vellfire to the Glanza and Hyryder, the entire lineup now offers better value for money. This move will likely spark fresh interest among buyers and boost Toyota’s sales momentum during the festive season.
FAQs
From when will the new Toyota prices be effective?
The revised prices will come into effect from 22nd September under GST 2.0.
Which Toyota model has received the biggest price cut?
The Toyota Fortuner now comes with the largest benefit – up to ₹3.49 lakh reduction.
Are Toyota’s hybrid models also included in the revision?
Yes, both Innova Hycross and Camry Hybrid have received price cuts.
How much cheaper is the Toyota Glanza now?
The Toyota Glanza is now more affordable by ₹85,300.
Will other car companies also cut prices after GST 2.0?
Yes, several carmakers are expected to follow suit to stay competitive, as seen with Citroen and Hyundai already revising prices.