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.
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.