Toyota joins ‘electric race’

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Meanwhile, Toyota Kirloskar Motor (TKM) on Saturday said it will realign the prices of its models, by up to 4 per cent effective from April 1, 2022…reports Asian Lite News

Toyota will launch its first full-electric vehicle (EV) in May that starts from $42,000 and offers superior power efficiency performance and sufficient cruising range for practical driving.

Called bZ4X BEV (battery electric vehicle), the base model of the electric car has an estimated EPA range of 405 kms – around the same mileage as the $33,500 Chevy Bolt EUV.

The “limited” all-wheel-drive version of the SUV starts at $48,780.

“Toyota is striving to achieve innovation in all areas including the interior, styling, driving sensation, and performance with the aim of creating exciting cars where all passengers can share an enjoyable time and space,” the company said in a statement.

In Japan, Toyota will commence the first phase by accepting applications for the first 3,000 units on May 12 and anticipates a second phase of applications in early autumn. A total of 5,000 units for production and sales are planned for the first year, said the company.

The bZ4X has a “delivery, processing and handling fee of $1,215.”

A BEV-dedicated platform, a first for Toyota, was developed with Subaru based on the e-TNGA philosophy to achieve attractive, smooth, intuitive driving performance, not just for a BEV, but for any car, as well as the off-road performance of an authentic SUV, said the company.

Toyota Safety Sense, as well as a body structure that can respond to collisions from all directions, a battery pack that contributes to ensuring protection performance in the event of a collision, and other safety features have been adopted in the pursuit of a BEV that can be driven with peace of mind.

Meanwhile, Toyota Kirloskar Motor (TKM) on Saturday said it will realign the prices of its models, by up to 4 per cent effective from April 1, 2022.

According to the company, this hike has resulted due to the rising input cost, including that of raw materials.

“As a committed and customer-centric company, TKM has made all conscious efforts to minimise the impact of rising costs on consumers,” said TKM Spokesperson in a statement.

On Friday, luxury automobile manufacturer BMW India said it will increase prices by up to 3.5 per cent across its model range effective from April 1.

The price increase will be brought into effect to adjust the material and logistics costs, impact of current geo-political situation and exchange rates, the company had said.

Earlier, another luxury carmaker, Mercedes-Benz India had announced an upward revision in price of its entire model range effective from April 1.

As per Mercedes-Benz India, the imminent price correction would be in the range of 3 per cent across the entire model range. It said that the constant increase in input prices in addition to an increase in logistics rates have been exerting significant pressure on the overall costs of the company.

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