Toyota Increases Prices for its Corolla Cars by up to Rs. 65,000

Indus Motor Company (IMC) has made a fresh hike on the prices of Toyota Corolla from Rs. 20,000 to Rs. 65,000 depending on models, mainly due to additional new features that are aimed in new models of Toyota cars in Pakistan.

According to details, new features will be introduced in Toyota vehicles starting May 1st, 2016.

These new features, along with increased prices, will also be available to those customers who have already booked their cars but are scheduled to get cars after May 1st, 2016.

Corolla is the most popular brand of cars in Pakistan, which has witnessed a tremendous jump in sales during past two years.

IMC increased prices of Corolla cars just last year in December from Rs. 5,000 to Rs. 30,000 to pass on the impact of the increase in custom duty on CKD and imported parts by 1% by the government. However, increment in prices then did not impact the sales of the company.

According to Pakistan Automotive Manufacturers Association (PAMA), Toyota sold a total of 38,069 units of Corolla variants in Pakistan from July 2015 to February 2016 only, up from 31,042 units that it sold during 2014-15 fiscal year.

The sales number of Corolla is the highest among any other brand of the local automotive industry in Pakistan. In the category of 1,300 and above cc, Corolla was followed by Honda Cars (City and Civic) that sold 15,793 units during July 2015 to Feb 2016.

Suzuki Mehran’s sales were second highest in the industry. It sold 25,469 units during July 2015 to February 2016.

Launched in July 2014, the 11th Generation Corolla has garnered critical acclaim, with customers greatly appreciating its superior styling and performance features. With the current addition, the Corolla Sedan is set to appeal to an even wider range of customers who are status and performance conscious.

According to official statement, IMC has upgraded functional and aesthetic aspects of the Toyota Range of Sedans in order to further enhance the desirability and appeal of the Toyota Corolla.

Commenting on the specification improvement of the Corolla line Up, Parvez Ghias, CEO IMC said, ‘IMC has always strived for delighting customers with the best in class mobility solutions. Through customer feedback studies and exhaustive product planning, we have introduced various new features that provide enhanced safety, performance and lifestyle features. Beyond making cars that offer durability and reliability, we strive to anticipate evolving customer demands and introduce features that cater to a diverse range of customer tastes and preferences.’

In the eight months, overall cars sales of different companies and variants in Pakistan stood at 121,934 units as compared to 88,538 units recorded during same period of last financial year, showing a growth of 37.7 percent in car sales.

  • chappa from pakwheels
    Pakwheels walon ko chahye apna blog close ker dain. puray pak ka thaika propak nay utha lia hai
    IT ki news say lay ker Falsay ka season kab ata ha… ye sab kuch jananay k liye propak visit karen.

  • Wondering though, have you decided to cover other news as well or are you only focusing on tech?

    • Dear Pakistanis are top in tax evasions. 20 crore population , tax fillers are only 1 mn. only source of income of GOP in taxes , that to , burdened already in tax brackets..

      • You need to research on the topic. There are millions of tax payers, who pay taxes on everything even they pay more taxes as withholding then they are entitled to. But government present the data of taxpayers only as the people who fill their tax returns. I myself pay over 200,000 every year only as income tax. If you are a tax evader, please start paying your taxes and dont follow the rulers of N-League for tax evasion

        • U can say that but majority of people don’t know much about tax system.moreover our govt stupidly changes policies ever year which scares away anyone willing to pay taxes. By the way if rulers themselves are not willing to pay who shall pay then?

          • Yes, That is what I am saying. Nobody should follow the footsteps of N-League who are biggest tax evaders of this country

            • noora and co remains popular despite what others say. People of our country deserve them as they are not willing to say anything about them.

  • Safety features? Like an airbag? if not then please dont tell me its just a marketing gimmick to make more money out of Pakistanis.

    But I do think it is just a bhatta that they have to give to politicians for favorable auto policy

  • yikes…. Taking money for Basic features & safety Tech is your way for Striving to achieve customer satisfication?! BURN IN HELL YOU C—S…

  • Toyota Motors Once Performed a Quality Check of their Production Facilities around the World, Vehicles Produced in Pakistani Plants were Ranked Worst with 3000 Faults Found in a Brand New Produced Vehicle.

  • Drove local Corolla after a year of driving Japanese car. O my goodness, the driving experience was utter piece of sh*t. Don’t know why people still buy these craps, low standard teen kay dabbay.

  • Toyota thou changed the shape, but what about security of cars? Still unsafe.
    Price is too much high already, doesn’t deserve such high prices.
    Infact, to be remain in market and to block the more competitor in market, a certain percentage given to Govt., which cause high prices.,otherwise offer TATA to come Pak and you will see the competition, TATA will win.

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