The Japanese multinational automobile manufacturer, known as Toyota Kirloskar in India has increased the price of three of their best selling flagship models, the Etios series, Innova and the Corolla. This price rise will be effective from the 21st of September 2013. The Etios, Etios Liva, Corolla Altis and Innova are the models which will witness a 1.50% hike in the price, although the company has not mentioned which particular variant of these models will be eligible for it. Just a few days earlier Toyota increased the price of the Fortuner and Camry by 1%, this will be the brands 2nd price hike overall, thanks to the rapidly degrading Indian economy.
The Etios series has seen victory in the cut-throat Indian automobile market, thanks to its mileage and huge boot space, which makes it extremely suitable for commercial passenger use. The diesel version of the car is powered by a 1.4 liter 8V D-4D block, with 67.1 BHP and 170 NM of Torque. It can deliver a mileage of 20.32 Kmpl in the city and 23.59 Kmpl on the highways, apart from this extraordinary feature the car has a boot space of 595 Liters, which is the largest in the class.
The Innova is currently the best MPV in its segment and is one of the best MPVs to ever run on Indian roads. The price of this car will go up from Rs.7, 000 to Rs.11, 000, the Altis’ will be hiked from Rs. 11,000 to Rs.24, 000. The Etios will be raised from Rs.4,000 to Rs.8,000 and the Etios Liva will see an increase of Rs.4, 500 to Rs.8, 600. Increasing the price of these cars can be a bad move by the brand, but even they are helpless because the building cost getting more expensive day by day, since the economic downfall.