Biggest-ever Price Hike announced by Toyota IMC

Price Hike announced by Toyota IMC

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.

New Prices

VariantsOld Price (Rs.)Revised Price (Rs.)Increase (Rs.)
Toyota Corolla
Altis 1.6 M/T3,909,0004,899,000990,000
Altis 1.6 A/T4,099,0005,139,0001,040,000
Altis SE 1.6 A/T4,509,0005,639,0001,130,000
Altis 1.8 CVT4,499,0005,679,0001,180,000
Altis 1.8 Grande CVT Beige Interior4,859,0006,149,0001,290,000
Altis 1.8 Grande CVT Black Interior4,899,0006,189,0001,290,000
Toyota Yaris
1.3 Gli M/T3,039,0003,799,000760,000
1.3 Gli CVT3,249,0004,039,000790,000
1.3 ATIV M/T3,209,0003,999,000790,000
1.3 ATIV CVT3,379,0004,209,000830,000
1.5 ATIV X M/T3,449,0004,309,000860,000
1.5 ATIV X CVT3,659,0004,569,000910,000
Toyota Hilux
Revo G 2.8 M/T7,989,0009,819,0001,830,000
Revo G 2.8 A/T8,379,00010,299,0001,920,000
Revo V 2.8 A/T9,229,00011,349,0002,120,000
Revo Rocco9,729,00011,999,0002,270,000
Toyota Fortuner
Fortuner G A/T9,959,00012,489,0002,530,000
Fortuner V A/T11,459,00014,279,0002,820,000
Fortuner Sigma 4 A/T12,039,00015,069,0003,030,000
Fortuner Legender12,679,00015,839,0003,160,000
Toyota Cars Price Hikes

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.