Toyota Indus Motor Company has increased the prices of cars with engine capacity of over 1700cc by 10%. The new prices have come into effect from Monday, March 11, 2019.
Indus Motors CEO, Ali Asghar Jamali, has attributed the hike to 10% Federal Excise Duty (FED) imposed by the government on vehicles with 1700cc and above engine capacity.
The notice sent to the dealers by the auto company read:
It is important to note that FED will be applicable to all new and balance order (including full and partial payment). New RSP (retail selling price) will also be applicable to all government orders pending delivery with the company.
Updated Price List
|Corolla Altis M/T (1.8 liters)||Rs 2,982,900||75,000|
|Corolla Altis A/T CVT-I (1.8 liters)||Rs 3,120,400||75,000|
|Corolla Grande MT-SR (1.8 liters)||Rs 3,175,400||75,000|
|Corolla Grande AT-SR CVT-I (1.8 liters)||Rs 3,323,900||75,000|
|Fortuner 4×4 – Sigma 4 (2.8 liters) diesel engine||Rs 7,541,900||200,000|
|Fortuner 4×2 (2.7 liters) petrol engine||Rs 7,068,900||200,000|
Here are the prices of all Toyota cars as per the new notification.
Five months ago, the company had increased the prices to pass on the impact of rupee depreciation in October 2018.