In another promising development, Toyota Indus Motor Company (IMC) has reduced the price of all of its locally assembled vehicles. Out of all the automakers, Toyota IMC has been the first to publically reveal the information of price reduction for its lineup. The new prices can be verified on Toyota IMC’s official website.
Following are the new prices of the locally assembled Toyota passenger vehicles:
| Vehicles | Old Price (PKR) | New Price (PKR) | Price Reduction (PKR) |
| Corolla Altis X 1.6 M/T | Rs. 3,219,000 | Rs. 3,109,000 | Rs. 110,000 |
| Corolla Altis X 1.6 CVT | Rs. 3,369,000 | Rs. 3,249,000 | Rs. 120,000 |
| Corolla Altis X 1.8 CVT | Rs. 3,699,000 | Rs. 3,579,000 | Rs. 120,000 |
| Corolla Altis Grande X 1.8 CVT-i Beige Interior | Rs. 3,979,000 | Rs. 3,869,000 | Rs. 110,000 |
| Corolla Altis Grande X 1.8 CVT-i Black Interior | Rs. 3,999,000 | Rs. 3,889,000 | Rs. 110,000 |
| Yaris GLI 1.3 M/T | Rs. 2,509,000 | Rs. 2,409,000 | Rs. 100,000 |
| Yaris ATIV 1.3 M/T | Rs. 2,619,000 | Rs. 2,519,000 | Rs. 100,000 |
| Yaris GLI 1.3 CVT | Rs. 2,689,000 | Rs. 2,589,000 | Rs. 100,000 |
| Yaris ATIV 1.3 CVT | Rs. 2,769,000 | Rs. 2,669,000 | Rs. 100,000 |
| Yaris ATIV X 1.5 M/T | Rs. 2,829,000 | Rs. 2,719,000 | Rs. 110,000 |
| Yaris ATIV X 1.5 CVT | Rs. 2,999,000 | Rs. 2,899,000 | Rs. 100,000 |
| Fortuner 2.7 G | Rs. 7,999,000 | Rs. 7,649,000 | Rs. 350,000 |
| Fortuner 2.7 VVT-i | Rs. 9,299,000 | Rs. 8,899,000 | Rs. 400,000 |
| Fortuner 2.8 Sigma 4 | Rs. 9,649,000 | Rs. 9,269,000 | Rs. 380,000 |
| Hilux Revo G M/T | Rs. 6,549,000 | Rs. 6,429,000 | Rs. 120,000 |
| Hilux Revo G A/T | Rs. 6,899,000 | Rs. 6,779,000 | Rs. 120,000 |
| Hilux Revo V A/T | Rs. 7,499,000 | Rs. 7,379,000 | Rs. 120,000 |
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The new prices are now in effect. Since the announcement of the 2021-22 financial budget and the new auto policy, the people had been awaiting the reduction of prices from the automakers.
Seemingly, Toyota IMC has initiated an eagerly awaited wave of price cuts, and now it is being speculated that several other automakers will soon follow suit. This is indeed fantastic news for the car buyers across Pakistan and a moment of triumph for the car industry as well since these price cuts are indeed a sign of positive progress for the industry, as well as the national economy.
