Following Kia’s footsteps, Toyota Indus Motor Company (IMC) has announced a massive price hike for all locally assembled cars. This is the company’s first price hike this year and its biggest one yet, due to depreciating local currency, rising freight charges, and material costs.
Effective immediately, the new prices are as follows:
| Variants | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Toyota Yaris | |||
| 1.3 Gli M/T | 3,039,000 | 3,799,000 | 760,000 |
| 1.3 Gli CVT | 3,249,000 | 4,039,000 | 790,000 |
| 1.3 ATIV M/T | 3,209,000 | 3,999,000 | 790,000 |
| 1.3 ATIV CVT | 3,379,000 | 4,209,000 | 830,000 |
| 1.5 ATIV X M/T | 3,449,000 | 4,309,000 | 860,000 |
| 1.5 ATIV X CVT | 3,659,000 | 4,569,000 | 910,000 |
| Toyota Corolla | |||
| Altis 1.6 M/T | 3,909,000 | 4,899,000 | 990,000 |
| Altis 1.6 A/T | 4,099,000 | 5,139,000 | 1,040,000 |
| Altis SE 1.6 A/T | 4,509,000 | 5,639,000 | 1,130,000 |
| Altis 1.8 CVT | 4,499,000 | 5,679,000 | 1,180,000 |
| Altis 1.8 Grande CVT Beige Interior | 4,859,000 | 6,149,000 | 1,290,000 |
| Altis 1.8 Grande CVT Black Interior | 4,899,000 | 6,189,000 | 1,290,000 |
| Toyota Hilux | |||
| Revo G 2.8 M/T | 7,989,000 | 9,819,000 | 1,830,000 |
| Revo G 2.8 A/T | 8,379,000 | 10,299,000 | 1,920,000 |
| Revo V 2.8 A/T | 9,229,000 | 11,349,000 | 2,120,000 |
| Revo Rocco | 9,729,000 | 11,999,000 | 2,270,000 |
| Toyota Fortuner | |||
| Fortuner G A/T | 9,959,000 | 12,489,000 | 2,530,000 |
| Fortuner V A/T | 11,459,000 | 14,279,000 | 2,820,000 |
| Fortuner Sigma 4 A/T | 12,039,000 | 15,069,000 | 3,030,000 |
| Fortuner Legender | 12,679,000 | 15,839,000 | 3,160,000 |
More Price Hikes Expected
Due to global logistical challenges, increasing freight costs, and depreciating local currency, the price hikes will continue. True to Toyota IMC CEO Ali Asghar Jamali’s prediction, Toyota IMC increased the prices of its vehicles, which will likely prompt other automakers to do the same.
Furthermore, the entire car industry is facing a severe production crunch due to delayed approval of the letter of credit for the import of CKD kits. All of these factors combined are likely to have a severe impact on the auto industry.
They know there is enough black money in this country so such price hike will not effect them
This hike is not the first one , they already increased their price in April.Previous increase amount is 4,27,000.
Ye sarasar zyadati hai. Customer ne aapko Puri payment kardi thee , ye aap logon ka kaam tha k payment Milne k baad 60 days k andar kits arrange karte, ya to mujhe Meri car den ussi price per ya mujhe aajk Dollar k rate se paise wapis Karen.
Shame on such greedy people,when u have been lying all your life to your customers and taking on-money under your umbrella ; now no one will beleive you if you say that it is due to dollar hike