Toyota has raised its prices in Indonesia by between 5% and 13%, effective Jan 1, citing exchange rate movements as an explanation.
The price increases are despite an expected fall in sales due to the global economic slowdown.
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“For the domestically assembled complete knock down (CKD) vehicles such as Innova, the price increase will be around 5 percent to 8 percent, while for imported complete built up (CBU) vehicles, the price rise will be about 10% to 13%,” Toyota Astra Motor marketing director Joko Trisanyoto said Tuesday, as quoted by Antara.
The price of an Avanza will increase by about Rp 6 million (US$530) from the current lowest price of Rp 116 million, while prices of high-end CBUs, such as Camry and Crown, will increase by between 10% and 13%, he said.
Joko said the price increase was due in part to the weakening of the Indonesian rupiah against the US dollar.
The rupiah has been hovering above Rp 11,000 per dollar for the past two months, while Toyota has been setting prices based on an assumption of Rp 9,200 to the dollar, he said.
“With this price increase, we can at least get marginal profits after covering our production costs,” he added.
