The manufacturer of Toyota cars, Indus Motors Company (IMC), has raised the prices of its vehicles by up to Rs. 175,000.
Apparently, the company has to shift the increased production cost resulting from depreciating rupee entirely on to the consumers. It bears mentioning that the vehicle manufacturer has increased the car prices four times over the last year.
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The recent increase in prices has come in the wake of weakening rupee, which has caused imports to become more expensive. The revised prices, rolled out at the advent of the new year, fall in the range of Rs. 75,000 to Rs.175,000.
| Model | New Price | Old Price |
| Corolla XLI M/T | Rs.2,044,000 | Rs.1,944,000 |
| Corolla XLI A/T | Rs.2,119,000 | Rs.2,069,000 |
| Corolla GLI M/T | Rs.2,299,000 | Rs.2,224,000 |
| Corolla GLI M/T Special Edition | Rs.2,373,000 | Rs.2,316,000 |
| Corolla GLI A/T | Rs.2,374,000 | Rs.2,299,000 |
| Corolla Altis 1.6 | Rs.2,574,000 | Rs.2,474,000 |
| Corolla Altis 1.8 MT | Rs.2,689,000 | Rs.2,589,000 |
| Corolla Grande MT-SR | Rs.2,864,000 | Rs.2,764,000 |
| Corolla Grande CVT-SR | Rs.2,999,000 | Rs.2,899,000 |
| Hilux 4×2 S/C Standard | Rs.2,929,000 | Rs.2,804,000 |
| Hilux 4×2 Single Cab (Up Spec) | Rs.2,959,000 | Rs.2,834,000 |
| Hilux 4×2 Single Cab Deckless | Rs.2,674,000 | Rs.2,549,000 |
| Hilux 4×4 Standard | Rs.4,159,000 | Rs.4,009,000 |
| Hilux Double Cab Standard | Rs4,549,000 | Rs.4,399,000 |
| Hilux Revo G 2.8 | Rs.4,859,000 | Rs.4,709,000 |
| Hilux Revo G AT 2.8 | Rs.5,089,000 | Rs.4,939,000 |
| Hilux Revo V AT 2.8 | Rs.5,399,000 | Rs.5,274,000 |
| Fortuner 4×2 HI Petrol | Rs.6,399,000 | Rs.6,249,000 |
| Fortuner 4×2 Diesel | Rs.6,799,000 | Rs.6,624,000 |
It also needs to be mentioned here that the customers will be required to pay a withholding tax (WHT) of Rs.150,000 on the variants of Hilux 4×4 S/C STD.
Also, on the variants of Hilux Revo G-MT and V-AT, the WHT will be Rs.200,000. On both variants of Fortuner, the WHT will be Rs.200,000.
This is pure fleecing the public. These companies are earning like anything and still they have the guts to transfer the total burden to the customers. And funny part is that the customers are paying the price without any concern. Wow!
I urge the public to wait for the other brands to enter the market and not be hijacked with these companies. The quality is also not that good if you compare with international level and charging more than what it is worth it. Seriously, if you look at the features these have been made available since ages in the japanese 660cc variants/models/cars.
Similarly there is no one to monitor the prices of imported vehicles, what the dealers decide it is fixed as the selling price and in return they are earning more that what is fair.
Government should look into this area as well and monitor and regulate this sector also without being compromised by this powerful cartel.
Agree with you but these people think about selling before buying any thing new!!(resale value)
And they end up paying more for less comfort and features. Sad!
And they end up paying more for less comfort and features. Sad!
When will these LOCAL manufacturers actually LOCALIZE production? They are a net drag on the Pakistani economy.
Just cant wait for Hyundai and the rest to start producing cars -_-
nothing will change as long as people are happily willing to pay