Toyota Indus Motor Company (IMC) has announced a massive increase in their Car Prices, especially Toyota Corolla and Hilux Revo, in Pakistan due to the current economic uncertainties and inflation in raw material cost, which has increased the vendor’s cost of production.
“As you are aware, due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased. In addition, the uncertainties in forex fluctuations [USD to PKR], increase in utilities and overheads has also impacted the cost of manufacturing for IMC.” the company stated in the circular.
“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.” the company added. However, Toyota IMC mentioned that it is only increasing the price of certain variants “at this point in time,”
Toyota Indus Motor Company (IMC) has increased the price of Toyota Corolla 1.6 CVT, Hilux Single Cabin, and Hilux Revo, while prices of other models remain unchanged as booking for them remain closed due to company’s inability to meet discover demand, a problem that was created by restrictions on import of Completely Knocked Down (CKD) kits..
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Toyota Corolla Altis X Price in Pakistan
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Altis 1.6 CVT | 4,789,000 | 4,979,000 | 190,000 |
| Altis 1.6 CVT U/S | 5,279,000 | 5,479,000 | 200,000 |
Toyota Hilux Revo Price in Pakistan
| Variant | Old Price (PKR | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Revo E | 8,449,000 | 9,069,000 | 620,000 |
| Revo G 2.8 M/T | 9,169,000 | 9,839,000 | 670,000 |
| Revo G 2.8 A/T | 9,609,000 | 10,309,000 | 700,000 |
Toyota Hilux Single Cabin Price in Pakistan
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Hilux 4×2 | 5,559,000 | 5,959,000 | 400,000 |
| Hilux 4×2 UP-SPEC | 5,589,000 | 5,989,000 | 400,000 |
| Hilux 4×2 Deckless | 5,159,000 | 5,529,000 | 370,000 |
| Hilux 4×4 | 7,339,000 | 7,879,000 | 540,000 |
| Hilux 2TR | 5,359,000 | 5,739,000 | 380,000 |
This is a copy of the notification;
Terms and Conditions
- New Price ill be applicable on all new bookings of above mentioned variants on or after 17th November 2022
- All IMV orders already in IMC system as of 16 November 2022 against which Full Payment has been received on or before 25 November 2022 will be invoiced at current RSP.
- All IMV outstanding orders approved as per price circulars on [March 22, April 29, and August 15] will be invoiced as per their respective approved prices.
- Corolla 1.6 CVT and CVT SE new prices will be effective on all orders as of November 16, 2022 except for order list shared with announcement on October 27, 2022.
- All Corolla outstanding orders as of November 16 with full payments made by July 15, 2022 in accordance with terms and dates as per price circular of March 22, April 29 and August 15, 2022 will be required to pay the fixed price differential of Rs. 300,000 inclusive of 1% Capital Value Tax by November 25, 2022.
- The prices are exclusive of transportation, transit insurance charges etc.
What you think about the increase in Toyota Car Price in Pakistan? Let us know in the comments below.
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