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In Brazil, Toyota has announced that it will accept soybeans and corn as payment for a new vehicle.
New Delhi. There was a time when people used to exchange goods for goods. To buy something, people used to give something from their possession in exchange for its price. At that time there was no system like cash. But it is impossible to think of such a process in the 21st century. But the barter system has made a comeback.
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Toyota has created a sales channel for its agricultural customers. Toyota has announced that it will accept soybeans and corn as payment for a new vehicle, such as the Hilux, SW4 (called the Fortuner in India) or the Corolla Cross SUV. The company is selling the car in exchange for corn and soybeans.
Brazil unit made this offer
Toyota Barter Company has named this offer ‘Toyota Barter’. But this offer has been kept in India. Rather, the Brazil unit of Toyota has made this offer. Toyota Barter started its pilot project in 2019. Under this plan, Brazil became the first medium of sale to accept grain to buy a car.
How will the transaction take place
Transactions through Toyota are done considering the market value of the bags of corn and soybeans. It is weighed. This new Toyota offer has started in the Brazilian states of Bahia, Goas, Mato Grosso, Minas Gerais, Piau and Tocantins. Now he is going to expand it.
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Toyota will benefit
The direct selling agribusiness sector of Toyota Brazil accounts for 16 per cent. It will be helped to increase it further. Coming to India, Toyota currently sells Glanza hatchback, Urban Cruiser compact SUV, Yaris sedan, Innova Crysta MPV, Fortuner SUV, Camry hybrid sedan and Vellfire luxury MPV in India.