Togg’s First Ascent

The first increase came today for the “domestic car” Togg, for which deliveries began on April 30.

Togg models are up by about 27 percent, as of today.

With the price increases; While the price of the standard range version “V1 RWD” of the Togg T10X model, which costs 953 thousand TL, increased to 1 million 207 thousand TL, the price of the standard range “V2 RWD” increased from 1 million 55 thousand TL to 1 million 307 thousand TL of output.

The price of the long-range version “V2 RWD” increased from 1 million 215 thousand TL to 1 million 537 thousand TL.

EFFECTS OF COSTS AND FINANCIAL DEVELOPMENTS

Making a statement about the price increases, 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 in the recent period, 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.

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.