The extended period of slowdown that the Indian auto industry is facing is beginning to throw up several problems at this point with various makers announcing scaledown in production in order to prevent inventory pile-up. Amid these inventory pile-up measures, the makers are also going for offering huge discounts on their products in the market so as to clear the stock that has already been dispatched to the dealers across the country. Among these makers, Japanese maker Toyota is also undertaking same measures in order to reduce the stockpiling of cars at the dealership level. The Japanese maker is offering huge discounts on even their best-selling models in order to keep the sales momentum going. In the month of August, Toyota is offering discounts worth up to Rs. 1.95 lakhs on its cars. The discount models from Toyota includes almost all of their cars in India including Etios, Yaris, Corolla Altis, Innova Crysta and the Fortuner. The discounts being offered are in the form of exchange bonus, corporate discounts, loyalty discounts and cash discounts. In fact, this offering of discount on bestselling models will be the perfect time to buy a Toyota car as the maker has already stated that the upcoming BS-VI emission norms will see the prices of their models rise by 15-20%.
Toyota Innova Crysta -- Total discount up to Rs. 55,000. Discounts include: Company offering rare discount on their bestselling model. Under the discount for the vehicle, one gets a corporate discount of Rs 25,000 and the customers can also avail a loyalty or exchange bonus of Rs 30,000 as a part of the total discount.
Toyota Yaris -- Total discount worth Rs. 1.95 lakhs. Discounts include: Cash discount of Rs. 1.25 lakhs, and Rs. 20,000 being offered as exchange/loyalty bonus with a Rs. 50,000 corporate discount also being offered. This discount is available for 2018 make year models only. 2019 make year models being offered with Rs. 80,000 discount. This includes Rs. 30,000 worth of cash discount along with Rs. 30,000 as a corporate bonus and Rs 20,000 worth of exchange/loyalty bonus.
Toyota Fortuner -- Total discount worth Rs. 1 lakh. Discounts include: Only exchange offer worth Rs. 1 lakhs available with the bestselling SUV from the Japanese maker. Exchange offer only available with the exchange of older Toyota Fortuner.
Toyota Corolla Altis -- Total discount worth Rs. 1.7 lakhs. The discounts include several benefits being offered by the company including Rs. 90,000 as cash discount, corporate bonus of Rs. 50,000, and Rs. 30,000 as exchange bonus.
Toyota Etios -- Company offering discount of Rs. 15,000 in the form of cash benefit.
Toyota Glanza -- Company offering discount of Rs. 15,000 in the form of exchange bonus.