Toyota Cuts Car Prices Between 5.6 Pct And 11 Pct
KUALA LUMPUR, March 24 (Bernama) -- UMW Toyota Motor Sdn Bhd (UMW Toyota Motor) will cut its price for passenger cars between 5.6 percent and 11 percent, depending on the models.
"We would like to inform the public that the company has worked out the calculations on the prices and all benefits from the import and excise duties imposed have been passed to the customers," it said in a statement here.
UMW Toyota also said that the company would raise price for its multi purpose vehicles (MPVs), namely Toyota Innova and Toyota Avanza.
The increase of prices for this segment is inevitable and in accordance with the new duty structure, it said.
The prices of these two models are based on the estimation after October 19, 2005 duty structure announcement of the New Automotive Policy, it added.
Thus, it said that buyers of the MPVs would still enjoy the estimated price announced on Oct 20, 2005.
"However, UMW Toyota Motor is working out to minimise the impact on customers with regards to the vehicle price that they booked before and after Oct 20, 2005," it said.
UMW Toyota also said that prices for commercial vehicles such as Toyota Hilux and Toyota Hiace remained unchanged.
The company would announce its new passenger cars' prices sometime next week.