Toyota Fortuner price post GST consideration is expected to be around Rs. 1,20,000 as it attracts 43 percent cess; considerably less than the existing rate
In the premium SUV segment, Toyota Fortuner is the leading player ahead of Ford Endeavour. The price of its all-wheel-drive diesel AT model comes at around Rs. 32 lakh (ex-showroom, New Delhi). With the inclusion of new 43 percent cess levied due to GST, its price could go down up to Rs. 1,20,000 with decrease in existing tax expected by around 5.5 percent.
In a bid to challenge the new-gen Endeavour, Toyota introduced the all-new Fortuner late last year. As for the powertrain, the 2.8-litre diesel mill churns out 177 PS of power at 3,400 rpm and 450 Nm of torque between 1,600 and 2,400 rpm whereas the manual versions will have 30 Nm less torque with the same power output. A six-speed automatic gearbox with paddle shifters is employed in the top-spec models while a six-speed manual is offered as standard.
It comes with option of either 2WD or 4WD configuration. The 2.7-litre four-cylinder Dual VVTi petrol develops 166 bhp at 5,200 rpm of maximum power and 245 Nm of peak torque at 4,000 rpm. The engine is paired to a five-speed manual or a six-speed automatic with paddle shifters and is available only in the 2WD versions.
As per the soon-approaching GST tax structure, automobiles in general will attract 28 percent tax with cess in the range of 1 to 15 percent depending on the length and the engine in which they are powered by. The petrol engine equipped cars measuring below four metres in length and has engine capacity less than 1,200 cc gets 1 percent cess and diesel cars below 1,500 cc will come with 3 percent cess.
It has resulted in apparent increase in prices of the budget-based vehicles by a considerable margin as the new law will come into existence from the 1 st of July onwards. Vehicles with engine capacity of above 1,500 cc and length stretching more than four metres will be subjected to a total of 15 percent cess.
Manufacturers like Audi, BMW, Ford Isuzu, Jaguar Land Rover and Mercedes-Benz have reacted in the wake of GST to pass on the benefits to customers with immediate effect, mostly on limited period of stock ahead of the actual implementation to avoid sales slowdown in June.