Toyota decreases prices of RAV4, Alphard in local market
zigwheels.ph, 26 Jul '24
Toyota Motor Philippines Corporation (TMP) has now reduced the prices of the RAV4 and Alphard hybrid electric vehicles (HEV).
Similarly, TMP also adjusted the prices for Lexus hybrid models. The local arm of the Japanese carmaker explained - this plan was prompted by the newly-signed executive order number 62 (S.2024), which exempts HEV and plug-in hybrid electric vehicles from import duty.
"TMP expresses its appreciation to the government for this step to promote more sustainable mobility options, which aligns with Toyota and Lexus' multiple pathway approach to carbon neutrality," the company wrote in a press release.
As of July 20th, 2024, the price for the Toyota RAV4 ranges from PHP 2.061 million (US$ 35,100) - PHP 2.356 million while the Alphard is priced from PHP 4.665 million- PHP 4.685 million.
All variants in both the Toyota RAV4 and Alphard range are equipped with a hybrid powertrain system. The former is fitted with a 2.5-litre hybrid engine paired with a continuously variable transmission (CVT) and makes some 215 PS with 221 Newton-meters (Nm) of torque.
The latter, on the other hand, uses a 2.4-litre hybrid mill mated to a CVT. The setup dishes some 246 PS with 250 Nm of pulling power.
