Bangalore, 1^st July, 2017: Toyota Kirloskar Motor revises prices reducing it upto 13% effective from July 1^st 2017. This development is prompted by the GST implementation and we would like to pass on the benefits to customers on an immediate basis.

Expressing his views on the post GST price Mr. N. Raja, Director & Sr. Vice President, Marketing and Sales, Toyota Kirloskar Motor said “We are happy to pass on the benefits of GST rates on vehicles to our customers. Customer First philosophy has always been our cornerstone, thus we are delighted that with the GST rates our best quality products will become more affordable for buyers. With the roll-out of GST from July 1^st ’17, the approximate price decrease in Bangalore for Innova Crysta will be upto Rs 98,500, All New Fortuner upto Rs 2,17,000. All New Corolla Altis will witness a price dip upto Rs 92,500

Platinum Etios prices reduced upto Rs 24,500 and Etios Liva upto Rs 10,500

The company however will have to hike the prices of hybrid variants Toyota Camry and Toyota Prius with the strong hybrid technology by over Rs 3.5 lakhs in Bangalore and going upto Rs 5.24 lakhs in Delhi as per applicable tax under GST framework.

The price change will vary from state to state, model to model and variant by variant depending on tax rates applicable prior to GST.

Our products Innova, Fortuner, Corolla Altis have been segment leaders since their launch and have been highly appreciated by customers in India. Customers have time and again reinforced their trust on Toyota products backed by QDR philosophy. Our models have received overwhelming response owing to the attributes of best resale value, low cost of ownership, unmatched safety features and quality services offered by our dealers.

We are hopeful that the price decrease post GST will further boost the customer demands in the coming months. The GST will be fruitful for the growth of the Indian auto industry. We think the industry will break into double digit growth territory this year.

We believe that India‘s much awaited tax reform will be a big success.

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Overview of TKM

Company name	Toyota Kirloskar Motor Private Limited
Equity participation	TMC: 89%, Kirloskar Group: 11%
Number of employees	Approx. 7,000 +
Land area	Aprox. 432 acres (approx.1,700,000 m2)
Building area	74,000 m2
Total Installed Production capacity	Upto 3,10,000 units

Overview of TKM 1^st Plant

Established	October 1997 (start of production: December 1999)
Location	Bidadi
Products	Innova, Fortuner manufactured in India. Prado, Land Cruiser and Prius imported as CBUs.
Installed Production capacity	Upto 1,00,000 units

Overview of TKM 2^nd Plant

Start of Production	December 2010
Location	On the site of Toyota Kirloskar Motor Private Limited, Bidadi
Products	Corolla Altis, Etios, Etios Liva, Etios Cross, Camry & Camry Hybrid
Installed Production capacity	Upto 2,10,000 units

For any further Queries please contact:

Toyota Kirloskar Motor Pvt. Ltd.	Creation
Rani K R Mobile : +91 88612-08520 Email :rani@toyota-kirloskar.co.in	Kaveri Mandanna Mobile :+91 90089-59697 Email : kaveri.mandanna@creation.io