Toyota Innova Crysta and Toyota Fortuner will be expensive by Rs 5 Lakh.
From 1st April 2020, all diesel cars have to be BSVI compliant.
Auto manufacturers have to upgrade their existing models to satisfy the stringent requirements of BSVI compliance.
In the months to come, Toyota Kirloskar Motors will be rolling out BSVI-compliant variants of the Toyota Fortuner and Toyota Innova Crysta. The regulations specify that all car manufacturers should upgrade their models to attain BSVI compliance norms before the deadline, 01st April 2020.
Many automakers have already introduced BSVI-compliant variants of their current models. The BSVI-compliant Toyota Fortuner and Toyota Innova Crysta will cost up to Rs 5 lakhs more than their existing BSIV-compliant counterparts.
The increase in the price is because the exhaust system needs a reworking to reduce the emissions from diesel engine vehicles. These vehicles also require new filters to work in tandem with the exhaust system. It could pose a challenge to the smaller cars, as upgrading the existing diesel engines could prove to be unviable for them.
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It will result in the phasing out of the diesel variants of the smaller cars. However, the big vehicles like Toyota Fortuner and Toyota Innova Crysta will be available with their diesel engine options. Naturally, they will be expensive as compared to the current versions.
The expected steep increase in the prices could force buyers to purchase these SUVs before the 01st April 2020 deadline, thereby saving money. Toyota Kirloskar Motors hopes that it can boost the sales figure that has started to take a dip in recent times.
N Raja, Deputy Managing Director of Toyota India, states that educating their major customers like the fleet and transport operators about the impending price increase is the focal point of their operations today. The fleet operators would benefit by buying the BSIV models today as compared to the BSVI counterparts.