Toyota Innova HyCross Hybrid ZX(O) Selling At Premium Of Rs 3.5-4 Lakh In Black Market
The Indo-Japanese automaker Toyota Kirloskar Motor India Limited launched its Innova Hycross Hybrid MPV back in December of 2022. However, since then, the car has seen such strong demand in the country that it is currently facing waiting periods stretching up to 1 year. Due to this discrepancy between demand and supply, this highly sought-after vehicle is being sold at huge premiums ranging from Rs 3.5 lakh to 4 lakh in the black market across India.
Toyota Innova Hycross selling at a premium in the black market
According to reports from Team BHP, the Toyota Innova Hycross ZX(O) variant is selling at a huge premium of Rs 3.5-4 lakh on top of the Rs 35 lakh on-road price. It has been reported that a number of sellers have shared their posts on social media platforms including Facebook and Instagram where they are offering delivery anywhere in India for this hefty premium. This irrational situation has left many genuine customers puzzled and frustrated, as they face extended waiting periods despite their legitimate bookings.
Many automotive enthusiasts and potential Toyota Innova Hycross buyers have raised questions against the emergence of a black market for the Toyota Innova Hycross. They have stated that the existence of the black market questions the integrity of the distribution process of Toyota Kirloskar Motor India Limited.
A lot of these people have asked the question: why are genuine customers forced to contend with inflated prices and lengthy delays while unauthorized sellers are earning premiums under the shadow? At the moment, the company has not officially responded to this situation. However, if more buyers raise this question, then the company could provide an answer.
How can Toyota solve this issue?
A number of Toyota Innova Hycross buyers and automotive enthusiasts believe that Toyota India must take decisive action to rectify this unethical practice in the country. So, if Toyota wants to help its loyal customers, it can follow the following steps:
Transparency and Accountability
Firstly, Toyota should enhance transparency in its allocation process. This means that the company should ensure that genuine customers are prioritized and unauthorized resellers are swiftly identified and penalized.
Increased Production
Another thing which the company should consider to end this problem of the emergence of the black market is that it should ramp up production to meet the overwhelming demand for the Toyota Innova Hycross. By increasing supply, Toyota can release the pressure on customers and minimize the appeal of the black market.
Collaboration with Authorities
Toyota India should collaborate with law enforcement agencies to crack down on illegal sellers operating in the black market. By actively pursuing legal action against offenders, the company can send a clear message that such practices will not be tolerated.
Customer Support and Communication
Effective communication channels should be established by Toyota Kirloskar Motor India Limited to keep customers informed. The company should inform its customers about the status of their bookings and any developments regarding the availability of the Toyota Innova Hycross. Timely updates and proactive support can help mitigate frustration and build trust among customers.
The post Toyota Innova HyCross Hybrid ZX(O) Selling At Premium Of Rs 3.5-4 Lakh In Black Market first appeared on Cartoq.
The Indo-Japanese automaker Toyota Kirloskar Motor India Limited launched its Innova Hycross Hybrid MPV back in December of 2022. However, since then, the car has seen such strong demand in the country that it is currently facing waiting periods stretching up to 1 year. Due to this discrepancy between demand and supply, this highly sought-after vehicle is being sold at huge premiums ranging from Rs 3.5 lakh to 4 lakh in the black market across India.
Toyota Innova Hycross selling at a premium in the black market
According to reports from Team BHP, the Toyota Innova Hycross ZX(O) variant is selling at a huge premium of Rs 3.5-4 lakh on top of the Rs 35 lakh on-road price. It has been reported that a number of sellers have shared their posts on social media platforms including Facebook and Instagram where they are offering delivery anywhere in India for this hefty premium. This irrational situation has left many genuine customers puzzled and frustrated, as they face extended waiting periods despite their legitimate bookings.
Many automotive enthusiasts and potential Toyota Innova Hycross buyers have raised questions against the emergence of a black market for the Toyota Innova Hycross. They have stated that the existence of the black market questions the integrity of the distribution process of Toyota Kirloskar Motor India Limited.
A lot of these people have asked the question: why are genuine customers forced to contend with inflated prices and lengthy delays while unauthorized sellers are earning premiums under the shadow? At the moment, the company has not officially responded to this situation. However, if more buyers raise this question, then the company could provide an answer.
How can Toyota solve this issue?
A number of Toyota Innova Hycross buyers and automotive enthusiasts believe that Toyota India must take decisive action to rectify this unethical practice in the country. So, if Toyota wants to help its loyal customers, it can follow the following steps:
Transparency and Accountability
Firstly, Toyota should enhance transparency in its allocation process. This means that the company should ensure that genuine customers are prioritized and unauthorized resellers are swiftly identified and penalized.
Increased Production
Another thing which the company should consider to end this problem of the emergence of the black market is that it should ramp up production to meet the overwhelming demand for the Toyota Innova Hycross. By increasing supply, Toyota can release the pressure on customers and minimize the appeal of the black market.
Collaboration with Authorities
Toyota India should collaborate with law enforcement agencies to crack down on illegal sellers operating in the black market. By actively pursuing legal action against offenders, the company can send a clear message that such practices will not be tolerated.
Customer Support and Communication
Effective communication channels should be established by Toyota Kirloskar Motor India Limited to keep customers informed. The company should inform its customers about the status of their bookings and any developments regarding the availability of the Toyota Innova Hycross. Timely updates and proactive support can help mitigate frustration and build trust among customers.
The post Toyota Innova HyCross Hybrid ZX(O) Selling At Premium Of Rs 3.5-4 Lakh In Black Market first appeared on Cartoq.
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