My dear jvalant, not entire is imported as CKD, quite a few parts are Indian make like tyres, seats (from innova) etc. moreover parts are being imported from Thailand under FTA with ASEAN countries, so very minimal duty to be adjusted against excise Modvat. so.............. it is certainly overpriced like all other cars in India of this range. Toyota is taking advantage of other car makers who are importing CBU like endeveour, captiva etc, which attracts 115 % customs & priced its assembled in India vehicle accordingly.
With this pricing Toyota must be making very cool 30% on selling price. With all import duty they could have maket this vehicle very easily at less than 15L. But thanks to our govt policies we are deprived of good cars at affordable rates & any one take advantage of market situation to make more money & Toyota did same.
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