After Kia Motors, the Toyota CBU prices have also been increased. According to a notification, the company said due to the recent hike in Regulatory Duty (RD) on imported CBU vehicles; it is compelled to pass the price increase to consumers. And the prices have been increased up to whooping Rs. 2,280,000.
This has led the prices of its vehicles to increase up to Rs. 2.28 million (for the Prius).
This is the second price hike by Toyota IMC after it raised the pricing of all the CBUs in January, claiming the same reason — increased RD and Federal Excise Duty (FED).
The models affected by the latest price hike include Prius, Corolla Cross, and Rush, and each vehicle has received a massive price of above Rs. 1.1 million.
Toyota has revised the prices of all the Corolla Cross variants, including the 1.8L which was previously going for Rs. 9,249,000. It will now be sold for Rs. 11,179,000 after a hike of Rs. 1,930,000.
The Smart 1.8L variant’s price has gone up by Rs. 2,090,000 and will now cost Rs. 11,959,000 as compared to its old price of Rs. 9,869,000.
The fully loaded 1.8L variant, the Corolla Cross Premium, now costs Rs. 12,249,000 (up from Rs. 10,109,000) after a surge of Rs. 2,140,000.
Rush is offered in two options. The price of the first variant, the GMT 1.5L, has been raised by Rs. 1,110,000 and it will now cost Rs. 7,329,000. Its previous price was Rs. 6,219,000.
The other 1.5L variant will be sold at Rs. 7,619,000 as it received a hike of Rs. 1,160,000 from its previous price of Rs. 6,459,000.
Toyota offers just one variant of Prius that cost Rs. 11,109,000 originally. After getting a major hike of Rs. 2,280,000, it will now be sold for Rs. 13,389,000.
Toyota mentioned that the new prices will be applicable on all new orders from 4 March onward. Meanwhile, the current prices will be applicable on all the full payments/GTG orders available in the system by 4 March.