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Showing posts with label Prius. Show all posts
Showing posts with label Prius. Show all posts
Sunday, October 11, 2009
Monday, July 6, 2009
Toyota Philippines to Launch Prius at P2.25M
Toyota Motors Philippines is finally launching its hot-selling Prius hybrid in the Philippines next week, but the ecologically-correct car could carry a price tag of around P2.25 million.
“Toyota wants to be the first to locally introduce hybrid, environment-friendly cars as alternative vehicles,” said Raymond Rodriguez, Toyota Motor’s first vice president for vehicle sales.
The third-generation, 1.8-liter Prius would be imported completely built from Japan and subject to a 30-percent tariff in addition to the excise tax and 12-percent value-added tax, Rodriguez said in explaining the hybrid’s higher price.
By contrast, Toyota’s most expensive sedan available locally, the 3.5-liter V6 version, retails for P2.005 million.
According to industry sources, the local Toyota has been given an initial allocation of 25 units and another 10 units a month given the three to four months of waiting time for Japanese customers to drive home a new unit.
Targeting the mainstream market, the new model is more powerful than its predecessors, with more headroom, a bigger trunk and better gas mileage.
It is rated at 50 miles a gallon, according to US press reports, 10 miles better than its principal hybrid competition, the Honda Insight.
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