With the states starting to relax the lockdown rules for the month of June in India, car manufacturers are looking to regain the sales that they lost in May. While many car manufacturers have started offering discounts officially, Toyota India has come up with a “Buy Now and Pay Later” scheme.
Toyota is yet to reveal the details of the offer but the offer is already live on various social media sites including Facebook. According to the t ad, Toyota will allow customers to own the car right now while they will start accepting the payments from October 2021. This will allow customers to enjoy the Urban Cruiser till they have enough funds. Apart from this, there are no other details on the offer.
In such cases, customers who buy the car against a loan will need to pay the instalments starting at a later date. This type of offer was first made popular by Skoda in India a few years ago. This is the first time that Toyota is offering such a scheme to attract customers.
More than 43% of cars sold by Toyota are rebadged
In 2021, Maruti Suzuki models that have been rebadged to sell as Toyota Glanza and Urban Cruiser accounted for more than 43% of sales. Toyota Innova Crysta, however, remains the highest-selling vehicle from the manufacturer. It remained the highest-selling model since January 2021 except for the month of May. Overall, Toyota has sold 19.320 units of the Crysta, making it the best-selling vehicle from the brand. That has not changed in a lot of years.
Toyota is also planning to introduce more rebadged products in the Indian market later this year. Toyota is now ready to launch its third rebadged product in the Indian market, based on the MPV. Toyota Innova Crysta is a pioneer when it comes to MPVs in India.
However, the price of the Innova Crysta keeps away a lot of buyers in the Indian market. With the new rebadged products, Toyota will be able to target a much wider audience, just like it did with the Glanza and the Urban Cruiser.
Toyota Urban Cruiser
The Urban Cruiser is the second rebadged product from Toyota in India. Toyota has done some visual changes to make it look like it came from the Toyota family. Just like the Maruti Suzuki Vitara Brezza, the Urban Cruiser will come powered by a single-engine option. There will be K-Series 1.5-litre four-cylinder petrol engine available with the all-new Urban Cruiser.
It will generate a similar 105 PS of maximum power and 138 Nm of peak torque. It gets an SHVS Smart Hybrid system that will come with Integrated Generator System with the four-speed automatic variants. However, the manual variants will be offered without the SHVS Smart Hybrid system. This will be similar to Vitara Brezza.