Toyota Motor PH will be hiking the prices for a handful of models

Updated Apr 30, 2024 | Same topic: Automotive Industry Updates

This price hike will take effect on May 1, 2024.

Toyota Motor Philippines will be hiking up the prices of several models effective on May 1, 2024. This was disclosed through a social media post by the Toyota Valenzuela dealership.

Toyota Avanza

Toyota Avanza

As per Toyota Valenzuela's post, this price increase will apply to the Yaris Cross, Avanza, Veloz, Rush, Hilux, Fortuner, RAV4, Hiace, GR86, Alphard, and Coaster models.

For now, the car brand is yet to share the exact figures for the said model’s price increases, but the reasoning behind this price bump is the rising costs to produce these vehicles. Specifically, the post by Toyota Valenzuela cited “continued severe materials cost increase.”

While this is headache-inducing for would-be car buyers, price hikes are a common and recurring event in the automotive industry.

The increasing inflation rate often correlates to the price increase of products, including cars. In addition, a high demand may also dictate the rise and fall in pricing as this does affect a company’s supply chain.

Do remember that TMP saw 49,667 new car sales in the first quarter of 2024. That’s equivalent to a year-on-year sales increase of 9.9 percent. This is a likely indicator that the demand for Toyotas in the Philippine market isn’t likely to let up soon.

Toyota Fortuner

Toyota Fortuner

More predictably, carmakers also update their offerings year-by-year whether it be with more onboard tech or more safety for additional cost. These help in making a vehicle more appealing to buyers. But in other markets, the addition of safety technologies on vehicles is often dictated by government legislation and the like.

As mentioned above, the price hike for several Toyota models will come into effect on May 1. So by then, we can expect more details, as well as an updated price list from TMP.

For more car news and automotive industry updates, keep it here on Philkotse.

Know more about Toyota


For the local market, Toyota Philippines offers 22 car models. The most affordable of these is the Toyota Wigo hatchback. Toyota also has three sedan models namely the Vios, the Corolla Altis, and the Camry. It then has one entry to the pickup truck segment, the Hilux. For coupes, Toyota Philippines offers two models: the GT 86 and the Supra. The Toyota local SUV segment has four models. These include the Fortuner, Land Cruiser, and Land Cruiser Prado. The Toyota MPV segment for the Philippines has three models: the Avanza, Rush, and the Innova. Then there are two Toyota vans in the Philippine market: the Hiace and the Hiace Super Grandia. For hatchbacks, there's the Wigo, the GR Yaris, Prius, and the Yaris, while the minivan segment then has the Alphard. And lastly, the crossovers sold by Toyota include the Corolla Cross, and the RAV4.

Here at, we provide the complete Toyota Philippines Price list for 2023, which we update on a monthly basis. Besides that, we also list the latest and hottest car promos ranging from low monthly amortizations, cash discounts, and low downpayments. 

For more information about the Toyota Philippines price list for 2023, as well other details regarding the brand, continue below.

Cesar G.B. Miguel

Cesar G.B. Miguel


Cesar Guiderone B. Miguel was born and raised in Iligan City, Lanao Del Norte. He graduated in 2010 with a Bachelor of Arts in English degree from Mindanao State University - Iligan Institute of Technology. He previously worked as a freelance writer for various websites, as a member of the Iligan City Disaster Risk Reduction Management's training staff, and as a medical sales representative.


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