Toyota Car Prices Increase by PKR 307,100!

    Toyota Car Prices

    Update: Unfortunately for automotive fanatics, Indus Motors Company (IMC) has once again increased the prices on the popular vehicles.

    Reportedly, the price increase is due to the rupee devaluation against the dollar and growing inflation in Pakistan.

    The prices have increased by PKR 65,000 to up to PKR 307,100 for the following models:

    Toyota Corolla XLI

    • Current Price: PKR 2,0440,00
    • New Price: PKR 2,109,000
    • Difference: PKR 65,000

    XLI AT

    • Current Price: PKR 2,119,000
    • New Price: PKR 2,184,000
    • Difference: PKR 65,000


    • Current Price: PKR 2,299,000
    • New Price: PKR 2,364,000
    • Difference: PKR 65,000

    GLI AT

    • Current Price: PKR 2,374,000
    • New Price:  PKR 2,439,000
    • Difference: PKR 65,000

    Previously, the company had increased prices on its vehicles in March. Furthermore, Toyota has shared that the warranty on CKD and CBU products have been extended from 2-year or 50,000km to 3-year or 100,000km.

    The prices have been raised for the Toyota Corolla and the Toyota Fortuner. For IMC, the Corolla, Hilux, and Fortuner are its bread and butter. However, the news is that they have increased the price for their 1,700cc variants.

    In regards to this news, Indus Motor CEO Ali Asghar Jamali confirmed to The Express Tribune said:

     Yes, we have increased prices

    We have passed on the impact of 10% FED (federal excise duty) the government has imposed through the Finance Supplementary (Second Amendment) Bill 2019 to cars of 1,700cc and above category.

    The official notification read:

    It is important to note that FED will be applicable to all new and balance order (including full and partial payment)

    “New RSP (retail selling price) will also be applicable to all government orders pending delivery with the company,” it said

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    New Toyota Car Prices

    According to the new price list, the 1.8L Toyota Corolla Altis M/T is priced at Rs 2.96 million, 1.8L Corolla Altis A/T CVT-I is at Rs 3.10 million, 1.8L Corolla Grande MT-SR at Rs 3.15 million and 1.8L Corolla Grande AT-SR CVT-I at Rs 3.30 million.

    On the other hand, the Fortuner 4×4 – Sigma 4 (2.8 liters) diesel engine is priced at Rs7.52 million and Fortuner 4×2 (2.7 liters) petrol engine is priced at Rs7.04 million.

    The impact of the increase in price comes after the changes in government levies, tariffs, fiscal policies, import policies, etc.

    “Around 24% of Indus sales are in the 1,700cc and above category,” Topline Securities said in an earlier report. “However, Indus already has a 1,600cc variant for its top-of-the-line Toyota model, which it will likely market aggressively.”

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    Stay tuned to Brandsynario for more news and updates.

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    Source: ET


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