Latest price of Toyota cars after rate hike

Indus Motor Company raises car prices in a range of Rs280,000-Rs1,210,000

By
Business Desk
An undated image of Toyota Corolla Grande. — Twitter/@Toyota_PK
An undated image of Toyota Corolla Grande. — Twitter/@Toyota_PK

Indus Motor Company (IMC), the maker of Toyota vehicles in Pakistan, increased prices on CKD vehicles lineup in the range of Rs280,000-Rs1,210,000, citing “massively changing market conditions and increasing landscape” for the rate hike.

“Due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased,” the company said in a notice sent to the dealer principals, chief executive officers and dealer head of sales.

The automaker further cited the volatile situation of forex, the increase in utilities and overheads as major factors that impacted the cost of manufacturing for the company.

“Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices and therefore, we are compelled to pass on some impact to the market.

Following are the new retail selling price (ex-factory) which came into effect on January 12:

Toyota Corolla

Variants

Old Prices

News Prices

Difference

Corolla 1.6 MTRs4,569,000Rs4,939,000
Rs370,000
Corolla 1.6 CVT 
Rs4,979,000
Rs5,369,000
Rs390,000
Corolla 1.6 CVT UPSPEC 
Rs5,479,000
Rs5,909,000
Rs430,000
Corolla 1.8 CVT SR 
Rs5,709,000Rs6,169,000
Rs460,000
Corolla 1.8 CVT SR (BLACK)
Rs5,749,000Rs6,209,000
Rs460,000

Toyota Yaris

Variants

Old Prices

News Prices

Difference

YARIS 1.3 MTRs3,539,000
Rs3,819,000
Rs280,000
YARIS 1.3 CVT
Rs3,769,000Rs4,069,000Rs300,000
YARIS 1.3 H MT 
Rs3,729,000Rs4,039,000
Rs310,000
YARIS 1.3 H CVTRs3,929,000Rs4,239,000
Rs310,000
YARIS 1.5 MTRs4,009,000Rs4,339,000
Rs330,000
YARIS 1.5 CVTRs4,259,000Rs4,609,000
Rs350,000

Toyota Hilux Revo

Variants

Old Prices

News Prices 

Difference

REVO V ATRs10,599,000Rs11,429,000
Rs830,000
REVO V AT ROCCORs11,179,000Rs12,049,000
Rs870,000

Toyota Fortuner

Variants

Old Prices

News Prices

Difference

FORTUNER LO PETROLRs11,579,000Rs12,509,000
Rs930,000
FORTUNER HIGH PETROLRs13,259,000
Rs14,319,000
Rs1,060,000
FORTUNER DIESELRs13,969,000Rs15,099,000
Rs1,130,000
FORTUNER DIESEL LEGENDERRs14,699,000Rs15,909,000
Rs1,210,000

The auto industry has been badly affected in recent months, with companies shutting down production plants because of the unavailability of imported raw material and restrictions imposed by the government to curb imports.