Japanese carmaker Toyota cuts prices of its big models like the Fortuner, Innova Crysta and Corolla Altis after GST
Tokyo, July3:Japanese carmaker has slashed prices of its popular big models like the Fortuner, Innova Crysta and Corolla Altis.
The decrease in prices is due to the reduction in total taxes imposed on big cars and utility vehicles, under GST. Toyota seems to be making the most of this as all three, the Fortuner, Innova Crysta and Corolla Altis, are models that do well in their respective segments.
The company has revised prices of its big cars by up to 13 per cent. The prices have come down by almost a lakh for the Innova Crysta (RS 98,500), more than two lakh for the Fortuner (Rs 2,17,000) and again by almost a lakh for the Corolla Altis (Rs 92,500).
These figures are estimates and the actual difference in prices will differ from state to state, depending on the type of tax structure that existed before. Toyota’s small offerings, Etios sedan and Etios Liva have also been given a price cut, with the two now being cheaper by up to Rs 24,500 and up to Rs 10,500, respectively.