Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Toyota will not revise plans despite heavy GST on hybrids

July 11, 2017, 08:41 PM IST by Nikhil Puthran
Toyota will not revise plans despite heavy GST on hybrids

Toyota Kirloskar Motor (TKM), one of the key auto manufacturer in the country has stated that the company is not considering change in plans for hybrid vehicles despite heavy taxes under GST. The Camry sedan which was priced at around Rs 33 lakh earlier in Bengaluru has now been hiked by Rs 3 lakh.

Hybrid cars attract the current 28 per cent GST, but it is also liable for additional 15 per cent cess which brings it to a total of 43 per cent. Previously, hybrid cars attracted a tax rate of 30.3 per cent. Although the price hike will set back sales for the Japanese manufacturer in India, the company will continue attracting customers without a change in plan. Speaking about this Toyota Kirloskar Motor Senior Vice President and Director, N Raja said to media, “We will continue with this journey of hybrid vehicles in India. Our commitment remains the same and we believe that this technology is good for environment. What has happened with GST is that hybrid customers, who are mostly large business owners are busy sorting out their businesses to comply with the new tax system. So, it's taking time for enquiries to convert into deliveries.”

Reports indicate that back in June, Toyota delivered only about 2,000 units to its dealers. This was however done to avoid piling up of stocks due to confusion over GST implementation among buyers. In the previous months the company has reportedly delivered around 12,000 units and from July will once again resume its normal delivery.

Tags:Toyota,Camry,Toyota Camry
Show CommentsHide Comments
  • Upcoming Cars

Ford Endeavour FaceliftFord Endeavour Facelift

22nd Feb 2019

29L - ₹ 35L
Honda CivicHonda Civic

7th Mar 2019

13L - ₹ 18L
Tata 45XTata 45X

Mar 2019

8L - ₹ 10L
BMW i8 RoadsterBMW i8 Roadster

Apr 2019

2.80Cr - ₹ 3Cr
Mahindra e20 NXTMahindra e20 NXT

Jul 2019

6L - ₹ 8L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (9 AM - 8 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in