Toyota Indus Motor Company (IMC) has increased the prices of its locally assembled vehicles for the third time in four months. The company has cited rising freight charges and material costs as the reason for the increase.
Like Al-Haj automotive, Toyota IMC will impose the new prices in the following sequence:
- Those who booked cars before the price hike will pay 50 percent of the increase in price.
- While the people who booked or will book new Toyota cars after the price hike will pay 100 percent of the increase in price.
Effective immediately, the new prices are as follows:
| Variants | Old Price (Rs.) | Revised Price for Old Bookings (Rs.) | Revised Price for New Bookings (Rs.) | Increase (Rs.) |
| Toyota Yaris | ||||
| 1.3 Gli M/T | 2,612,000 | 2,755,500 | 2,899,000 | 287,000 |
| 1.3 Gli CVT | 2,817,000 | 2,963,000 | 3,109,000 | 292,000 |
| 1.3 ATIV M/T | 2,745,000 | 2,902,000 | 3,059,000 | 314,000 |
| 1.3 ATIV CVT | 2,919,000 | 3,074,000 | 3,229,000 | 310,000 |
| 1.5 ATIV X M/T | 2,970,000 | 3,129,000 | 3,289,000 | 319,000 |
| 1.5 ATIV X CVT | 3,175,000 | 3,337,000 | 3,499,000 | 324,000 |
| Toyota Corolla | ||||
| Altis 1.6 M/T | 3,380,000 | 3,564,500 | 3,749,000 | 369,000 |
| Altis 1.6 A/T | 3,534,000 | 3,731,500 | 3,929,000 | 395,000 |
| Altis SE 1.6 A/T | 3,892,000 | 4,100,500 | 4,309,000 | 417,000 |
| Altis 1.8 CVT | 3,872,000 | 4,085,000 | 4,299,000 | 427,000 |
| Altis 1.8 Grande CVT | 4,179,000 | 4,414,000 | 4,649,000 | 470,000 |
| Altis 1.8 Grande CVT Black Interior | 4,199,000 | 4,444,000 | 4,689,000 | 490,000 |
| Toyota Hilux | ||||
| Revo G 2.8 M/T | 6,947,000 | 7,303,000 | 7,659,000 | 712,000 |
| Revo G 2.8 A/T | 7,306,000 | 7,667,500 | 8,029,000 | 723,000 |
| Revo V 2.8 A/T | 8,030,000 | 8,435,500 | 8,839,000 | 807,000 |
| Revo Rocco | 8,472,000 | 8,895,500 | 9,319,000 | 847,000 |
| Toyota Fortuner | ||||
| Fortuner G A/T | 8,569,000 | 9,034,000 | 9,499,000 | 930,000 |
| Fortuner V A/T | 9,941,000 | 10,445,000 | 10,949,000 | 1,008,000 |
| Fortuner Sigma 4 A/T | 10,392,000 | 10,940,500 | 11,489,000 | 1,097,000 |
| Fortuner Legender | 10,842,000 | 11,842,500 | 12,099,000 | 1,257,000 |
During a quarterly performance review earlier this week, CEO of Toyota Indus Motor Company (IMC) Ali Asghar Jamali said that amid the mounting pressures of global logistical challenges, increasing freight costs, and depreciating local currency, the price hikes are unavoidable.
He stated:
The company is trying to pend the price hikes at least till June 2022. However, the company is still reviewing this plan and will reach a final decision within a week in this regard.
True to his forecast, Toyota IMC did increase the prices of its vehicles by a huge margin. This hike will prompt other automakers to increase their car prices as well.
50% is not applicable to everyone, there are conditions subject to which few customers will not pay the increase, please re check and update the article