So, the latest news in town is that India’s favourite MPV, the Toyota Innova Crysta is all set to get a price hike again! While fuel prices were already giving us a tough time, the Japanese automaker Toyota announced a price hike on the top-selling MPV in the country.
Toyota Innova Crysta is set to get a price hike which can go up to 2%. This is due to a substantial hike in the raw material and other production factors which we will go through in the next half of the article. For now, we know that Toyota, being a customer-centric brand will definitely keep certain things in mind that ensure that customer doesn’t get all the impact of the price hike. We are not sure about what the Japanese automaker has in mind for the customers but there is what they had to say, “As a customer-centric company, we remain committed to cater to the ever-evolving needs and requirements of our customers by consciously minimising the impact of rising costs on consumers,”
Toyota Innova Crysta | Reasons Behind The Hike
Coming to the main point of why Toyota Innova Crysta is getting a price hike, we have multiple reasons. As a whole, the input costs have increased but what factors have caused this? Let’s have a look. The initial cost of steel has increased significantly. Steel, being one of the major contributors in the production, has led to the price hike. Apart from steel, Rhodium and Palladium have also experienced a price hike.
Innova Crysta | Pricing & Rivals
Toyota’s top-selling MPV is currently available in 18 variants where the base variant comes at ₹16.52 lakh (2.7-litre GX 7-seater petrol) and goes up to ₹24.59 lakh (ex-showroom) for the top-spec 2.4-litre diesel ZX 7-seater with automatic transmission.
Talking bout the rivals, there is no clear rival of the Crysta in the Indian market but if we talk about the nearest rival, Marazzo can be considered as a very good competitor as of now.