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New Hike Puts Toyota Corolla Altis in SUV Category Price Range

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.

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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.

  • 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.

  • 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

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