After KIA and Hyundai, Toyota Indus Motor Company has announced a considerable price hike for all locally assembled vehicles. This is the company’s first and most significant price hike this year due to the instability of local currency, continuously rising shipping charges, and material costs.
|Variants||Old Price (Rs.)||Revised Price (Rs.)||Increase (Rs.)|
|Altis 1.6 M/T||3,909,000||4,899,000||990,000|
|Altis 1.6 A/T||4,099,000||5,139,000||1,040,000|
|Altis SE 1.6 A/T||4,509,000||5,639,000||1,130,000|
|Altis 1.8 CVT||4,499,000||5,679,000||1,180,000|
|Altis 1.8 Grande CVT Beige Interior||4,859,000||6,149,000||1,290,000|
|Altis 1.8 Grande CVT Black Interior||4,899,000||6,189,000||1,290,000|
|1.3 Gli M/T||3,039,000||3,799,000||760,000|
|1.3 Gli CVT||3,249,000||4,039,000||790,000|
|1.3 ATIV M/T||3,209,000||3,999,000||790,000|
|1.3 ATIV CVT||3,379,000||4,209,000||830,000|
|1.5 ATIV X M/T||3,449,000||4,309,000||860,000|
|1.5 ATIV X CVT||3,659,000||4,569,000||910,000|
|Revo G 2.8 M/T||7,989,000||9,819,000||1,830,000|
|Revo G 2.8 A/T||8,379,000||10,299,000||1,920,000|
|Revo V 2.8 A/T||9,229,000||11,349,000||2,120,000|
|Fortuner G A/T||9,959,000||12,489,000||2,530,000|
|Fortuner V A/T||11,459,000||14,279,000||2,820,000|
|Fortuner Sigma 4 A/T||12,039,000||15,069,000||3,030,000|
More Price Hikes expected
Because of worldwide calculated difficulties, expanding cargo costs, and devaluing local currency, the price hikes will proceed. Consistent with Toyota IMC CEO Ali Asghar Jamali’s prediction, Toyota IMC raised the costs of its vehicles, which will probably provoke different automakers to do likewise.
The car industry in Pakistan is already facing a production crunch due to a delay in the approval of the letter of credit to import CKD kits.