Toyota reduced the rate, Fortuner became cheaper by Rs 3.49 lakh, you will save a lot of money on Innova Hicross and Crysta too.

New Delhi. There is great news for car buyers before the festivals. Toyota Kirloskar Motor (TKM) has reduced the prices of many of its popular cars and SUVs. This decision has been taken after the GST Council recently reduced tax rates in the automobile sector. The company has clearly said that the full benefit of GST cut will be passed on to the customers. The new prices will be applicable from September 22.

Those who buy Fortuner will get the biggest relief. The price of this SUV will now be reduced to a maximum of ₹ 3.49 lakh. There will be a reduction of up to ₹ 1.80 lakh on Innova Crysta and up to ₹ 1.15 lakh on Innova Hycross. The luxury MPV Vellfire will become cheaper by ₹2.78 lakh, while the price of the Hilux pickup will drop by ₹2.52 lakh. Similarly, there will be a decline in the prices of other models also. There has been a price cut of up to ₹ 1.01 lakh on Camry, ₹ 3.34 lakh on Legender, ₹ 65,400 on Urban Cruiser Hayrider and up to ₹ 85,300 on Glanza.

Expected increase in sales

This step of the government will not only benefit the customers but will also help the auto companies in increasing sales. In the last few months, people were troubled by the continuously increasing vehicle prices, but now after this reduction, many families can plan to buy their favorite car.

Toyota Vice President Varinder Wadhwa said, “We thank the Government of India for this historic reform. This will make cars more affordable for customers and will revitalize the auto sector. Just before the festivals, this step will boost market demand.”