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CFAO cuts Fortuner price on local assembly
President William Ruto with Cfao Motors Kenya MD Arvinder Reel (2nd right) during the Launch of Toyota Fortuner local assembly line at Associated Vehicle Assembler in Miritini in Mombasa County on July 29, 2023. PHOTO | WACHIRA MWANGI | NMG
CFAO Motors Kenya has cut the price of its Toyota Fortuner sport utility vehicle (SUV) to Sh11.5 million from the previous Sh13.2 million, benefitting from tax exemptions on local assembly.
Vehicle parts headed to assembly plants are exempt from the 35 percent import duty, giving them a price advantage in a policy designed to encourage local production.
