Second raise for Togg in a week

The Togg “domestic car”, whose deliveries began on April 30, received another raise today.

Togg, which increased by 27 percent on July 5, was increased today due to the increase in the value added tax (VAT) on automotive from 18 percent to 20 percent.

With the increase on July 5; The “V1 RWD” standard range version of the Togg T10X model, which went from 953 thousand TL to 1 million 207 thousand TL, increased to 1 million 227 thousand 500 TL with the VAT increase that came into effect today. Therefore, the price increased to 274 thousand 500 TL in one week.

The price of the standard range “V2 RWD”, which increased from 1 million 55 thousand TL to 1 million 307 thousand TL last week, increased to 1 million 329 thousand 500 TL today.

The price of the long-range version “V2 RWD”, which increased from 1,215,000 TL to 1,537,000 TL last week, reached 1,563,500 TL today.

THE RISE OF THE CURRENCY HAS ARRIVED

Making a statement on the price increases last week, Togg cited the effects of supply chain costs and financial developments as the reason for the increase.

In the statement made by Togg, the following statements were included:

“Due to the cost effects and financial developments experienced in the global supply chain recently, we also had to regulate our prices, as domestic producers in our country began to affect them. The new pricing schedule will take effect from July 5, 2023 and will affect all our users whose expected delivery date is July or later at the latest.

OFFICIAL 4-MONTH INFLATION 8.9 PERCENT

Applications for Togg, whose pricing was announced on March 14, began on March 16, 2023.

According to TUIK, consumer prices increased by 8.9 percent in the last four months. Togg’s rate of increase was well above the four-month inflation rate.

In the period after Togg’s price announcement, the rate of increase of the dollar exchange rate was 37.4 percent.