In a shocking move, Toyota Indus Motor Company (IMC) has announced yet another price hike for its vehicles, making it the second one this year.
Toyota IMC has attributed this hike to the Pakistani Rupee’s (PKR) depreciation against the US dollar (USD). According to the company’s statement, they are facing difficulties in maintaining their current prices due to the economic uncertainties and volatility of the PKR.
The company stated that these factors had a negative effect on manufacturing costs, leaving them no choice but to pass on some of the burden to the consumers.
Below are Retail Selling Prices (RSPs) Ex-Factory for all CKD variants of Toyota, effective on all new orders after 12 January 2023:
| Variant | Current RSP Ex-Factory (PKR) | New RSP Ex-Factory (PKR) |
| Yaris GLI MT 1.3 | 3,819,000 | 4,079,000 |
| Yaris GLI CVT 1.3 | 4,069,000 | 4,339,000 |
| Yaris ATIV MT 1.3 | 4,039,000 | 4,309,000 |
| Yaris ATIV CVT 1.3 | 4,239,000 | 4,529,000 |
| Yaris ATIV X MT 1.5 | 4,339,000 | 4,649,000 |
| Yaris ATIV X CVT 1.5 | 4,609,000 | 4,929,000 |
| Corolla Altis X MT 1.6 | 4,939,000 | 5,269,000 |
| Corolla Altis 1.6 X CVT-i | 5,369,000 | 5,749,000 |
| Corolla Altis 1.6 X CVT-i SE | 5,909,000 | 6,319,000 |
| Corolla Altis Grande X CVT-11.8 Beige | 6,169,000 | 6,609,000 |
| Corolla Altis Grande X CVT-i1.8 Black | 6,209,000 | 6,649,000 |
| Revo V AT 2.8 | 11,429,000 | 12,239,000 |
| Revo V AT Rocco | 12,049,000 | 12,899,000 |
| Fortuner 2.7 G Petrol | 12,509,000 | 13,419,000 |
| Fortuner 2.7 V Petrol | 14,319,000 | 15,359,000 |
| Fortuner 2.8 Sigma 4 Diesel | 15,099,000 | 16,189,000 |
| Fortuner Legender Diesel | 15,909,000 | 17,069,000 |
This latest price increase for Toyota vehicles comes at a time when Pakistan’s economy is already struggling. Experts believe that this won’t be the only price hike, as the continued volatility of the PKR will pressurize other manufacturers and importers as well.
