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Toyota Indus Motor Company (IMC) has announced another price hike for one of its best-selling cars. The automaker has increased the price of the Toyota Corolla Altis 1.8 CVT by Rs. 370,000.
Following that hike, the price of Corolla Altis 1.8 CVT has gone from Rs. 5,269,000 to Rs. 5,639,000, which places it into the crossover SUV territory.
The company has cited the ongoing economic instability for the ongoing price hikes. An official statement in this regard reads:
The volatile situation of Forex, increase in utilities and overheads have also impacted the cost of manufacturing for IMC. Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices, and therefore, we are compelled to pass on some impact to the market.
Over a week ago, Toyota IMC also increase the prices of some other variants of different cars, citing the same reason. The new prices are as follows:
Model | Old Price | New Price | Price Difference |
Corolla 1.6 CVT | Rs. 4,789,000 | Rs. 4,979,000 | Rs. 190,000 |
Corolla 1.6 CVT Special Edition | Rs. 5,279,000 | Rs. 5,479,000 | Rs. 200,000 |
Hilux | Rs. 8,449,000 | Rs. 9,069,000 | Rs. 620,000 |
Hilux Revo G 2.8 | Rs 9,169,000 | Rs. 9,839,000 | Rs. 670,000 |
Hilux Revo G 2.8 Automatic | Rs. 9,609,000 | Rs. 10,309,000 | Rs. 700,000 |
Toyota has increased car prices by 32-37% since January 2022 for its cars across the board. This new price hike on top of that comes as a big surprise for Toyota lovers.
Will other automakers follow suit and increase prices as well? It’s very likely and we’ll know for sure in the next few weeks.
Are Civic, Sonata and Elantra also in SUV price bracket? Please focus on quality instead of just rolling out ridiculous blogs.
Spot on!!
Sonata is luxury. Leave that out
Thanks to imported government, everything is out of reach of common person
everything out of reach situation started by Joker Imran Khan first.
Stfu braindead patwari
Spoken like a true Youthia
Common man was never in the race for motor cars.
Fallout of the economic mismanagement since the last 4 years. Thank the ‘selected Govt.’ and it’s fecilitators.
Besides this is not a political forum.
Economic situation is just an excuse…u just dont buy their vehicles for a month…they will bring the prices down…look at other manufacturers apart from big three… many have even brought the prices down to boost their sales even
Their sales were already down over 50% from last year … This will only help kill them further. Good going Toyota!
Quality wise elantra is no doubt much better than corolla at present. This unfortunately the ill mentality of our people to stick to brand and praising it whatever they charge. For a daily driven the price should not be more than 35 in my opinion which i know not gonna happen unless people stop booking almost 8 years old model. And don’t be foolish considering model my year.
Toyota Pakistan is gonna MAD. People have much more options to buy cars and SUV on this price tag.
on this price tag Hyundai Elantra are much better according to features,options and built quality,even Peugeot 2008, Proton X70, Changan Oshan, KIA sportage Alpha, Haval Jolion are much better options.
Except for Peugeot 2008 all other vehicles Abid mentioned are worst options.
why they dont fixed the tag price in Dollar Value. instead of changing prices on monthly basis. they are always getting the benefit of economic, political and forex situation. there is no body who restrict them to increase their bottom line.
That’s too much…….the car doesn’t justify the price.What does TOYOTA want? Toyota needs to low down it’s prices so that people can easily approach the SUVs and Sedans.
How can companies like these raise their prices without a care in the world for the consumer. Is anyone policing these guys
All thanks to imported Government imposed by COAS
Using low quality materials with increasing price . . Where is SAFETY ???