Entertainment

Latest price of Toyota cars after rate hike


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 MT Rs4,569,000 Rs4,939,000 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  Rs5,709,000 Rs6,169,000 Rs460,000
Corolla 1.8 CVT SR (BLACK) Rs5,749,000 Rs6,209,000 Rs460,000

Toyota Yaris

Variants

Old Prices

News Prices

Difference

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

Toyota Hilux Revo

Variants

Old Prices

News Prices 

Difference

REVO V AT Rs10,599,000 Rs11,429,000 Rs830,000
REVO V AT ROCCO Rs11,179,000 Rs12,049,000 Rs870,000

Toyota Fortuner

Variants

Old Prices

News Prices

Difference

FORTUNER LO PETROL Rs11,579,000 Rs12,509,000 Rs930,000
FORTUNER HIGH PETROL Rs13,259,000 Rs14,319,000 Rs1,060,000
FORTUNER DIESEL Rs13,969,000 Rs15,099,000 Rs1,130,000
FORTUNER DIESEL LEGENDER Rs14,699,000 Rs15,909,000 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.

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