Indus Motor Company (IMC) the assembler of Toyota vehicles in Pakistan, has finally decided to pass the benefit of appreciation of PKR against the US dollar to the consumers.
In an announcement on Tuesday, the auto-giant informed the consumers about the significant cut in its cars’ prices, which decreased by up to Rs. 1.3 million.
The new prices are applicable from October 24, 2023. Following are the latest prices of Toyota cars:
Toyota Yaris
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Yaris 1.3 MT LO | 4,499,000 | 4,399,000 | 100,000 |
| Yaris 1.3 CVT LO | 4,789,000 | 4,689,000 | 100,000 |
| Yaris 1.3 MT Hi | 4,759,000 | 4,659,000 | 100,000 |
| Yaris 1.3 CVT Hi | 4,999,000 | 4,899,000 | 100,000 |
| Yaris 1.3 CVT Aero | 5,199,000 | 5,099,000 | 100,000 |
| Yaris 1.5 MT | 5,429,000 | 5,309,000 | 120,000 |
| Yaris 1.5 CVT | 5,769,000 | 5,649,000 | 120,000 |
| Yaris 1.5 CVT Aero | 5,969,000 | 5,849,000 | 120,000 |
Toyota Corolla
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Corolla 1.6 MT | 6,169,000 | 5,969,000 | 200,000 |
| Corolla 1.6 CVT | 6,769,000 | 6,559,000 | 200,000 |
| Corolla 1.6 CVT SR | 7,429,000 | 7,189,000 | 240,000 |
| Corolla 1.8 CVT | 7,119,000 | 6,889,000 | 230,000 |
| Corolla 1.8 CVT SR | 7,759,000 | 7,509,000 | 250,000 |
| Corolla 1.8 CVT SR BLK | 7,799,000 | 7,549,000 | 250,000 |
Toyota Hilux Revo
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Hilux E | 11,439,000 | 11,039,000 | 400,000 |
| Hilux Revo G MT | 12,409,000 | 11,959,000 | 450,000 |
| Hilux Revo G
AT |
13,019,000 | 12,549,000 | 470,000 |
| Revo V AT 2.8 | 14,389,000 | 13,849,000 | 540,000 |
| Revo V At Rocco | 15,179,000 | 14,419,000 | 760,000 |
| Revo GR S | 16,149,000 | 15,359,000 | 790,000 |
Toyota Fortuner
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Fortuner 2.7 G Petrol | 15,809,000 | 14,499,000 | 1,310,000 |
| Fortuner 2.7 V Petrol | 18,099,000 | 16,999,000 | 1,100,000 |
| Fortuner 2.8 Sigma 5 Diesel | 19,079,000 | 17,999,000 | 1,080,000 |
| Fortuner Legender Diesel | 20,129,000 | 18,999,000 | 1,130,000 |
| Fortuner GRS | 21,089,000 | 19,899,000 | 1,190,000 |
Just like the rest of the car manufacturers in the country, Toyota is also facing inventory shortages. Recently, the automaker decided to shut down its plant for a month, from October 17 to November 17, 2023. It should be noted that the price hasn’t decreased proportionally despite the massive improvement in the US Dollar exchange rate.
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Good step by Toyota / Indus!
Let’s hope the Forex keep going down, or stay at the same level for a longer duration. This will be very useful for the economy in general and for the consumers of imported merchandise in particular.
Long live Pakistan.
A’ameen.