Read all about setting up a car subscription with Toyota India. Find out about vehicle range, what’s included, contract flexibility and more so that you can make an informed decision when deciding whether Toyota India is right for you.
Last update 5. March 2023 Reading time 2:08 min
About Toyota India
Toyota India is a long-term subscription offering from Toyoya, offering different specs of six of their vehicle types to customers in Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai and Noida. The cars on offer range in price and type, from small hatches all the way up to the Camry hybrid. The tenures on offer range from 12 months to 48 months in increasing six-month intervals and you can choose 12,000 to 24,000 km a year as a mileage allowance before committing.
How it works
The sign-up process involves submitting your license and ID for KYC and credit scoring purposes. Customers must be over 21, an Indian resident and with a credit score of above 700 to be considered. All vehicles come with insurance coverage, engine protect, roadside assistance and maintenance. Customers can also choose to extend or purchase the vehicle at any time. The lock-in period is 12 months and the lead time is around 45 days.
Costs and fees
The upfront fee consists of one month’s subscription in advance, plus another month as a refundable security deposit. There is no admin fee or non-refundable charge.
Monthly subscription charges range from 20,149 INR month for a Glanza, but this varies by cith. The excess mileage charge is variable and will be stipulated in each contract, while late payments are charged at 2% per day of the total outstanding amount.
Brands and models
Toyota offer six different vehicle types, with the range varying slightly based on location:
- Glanza: G-MT, V MT, S MT, E MT
- Hilux MTInnova Hycross
- Fortuner 4×2/4×4 MT (2.7/2.8)
- Urban Cruiser Hyryder
Customers can only cancel after the lock-in period, which is 12 months. Extension or purchase requests can be made in writing.
What’s Special about Toyota India?
Toyota India bears the name of the Toyota brand, automatically creating trust with potential customers versus standalone, lesser-known subscription companies. With all the typical subscription features keeping them honest with their competitors, the main point of difference is that all the vehicles are new. The ability to extend up to four years is convenient for people who want all the long-term security of ownership without the tangible responsibility.
What cars can I subscribe to?
You can subscribe to a Glanza, Urban Cruiser Hyryder, or Fortuner. You can also choose your mileage limit and tenure length.
What colour will my number plate be?
The car is registered as a private vehicle, so it will be a white background with a black number.
What cities is the Toyota India subscription available in?
You can use Toyota India if you’re in Bangalore, Delhi, Gurgaon, Hyderabad, Mumbai, Noida or Pune.
What kind of insurance comes with my vehicle?
The car is covered under a comprehensive zero depreciation insurance policy. The insurance is in your name.
Can I change vehicles during my subscription?
Yes, you can change your vehicle. However, you will have to pay an early termination fee as you are effectively starting a new subscription.
Toyota India has set up a subscription service that is quite similar to other car brands that operate side subscription offerings in India. The 1-4-year options will be familiar to anyone who has used another service before, as will the lock-in period and the option to buy or extend at the end of each term. The range of vehicles covers most demographics and needs, and the insurance policy covers almost all accident-related issues. But it is Toyota fans who will really come to Toyota India in their masses.
Information about subscriptions, leasing, purchases, and new vehicles and offers can all be found on the main Toyota website: Facebook.