Indus Motor Company increases the car prices following rupee depreciation

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Indus Motor Company (IMC), the manufacturers of Toyota cars, has once again raised the prices of its vehicles by up to Rs175,000. Apparently, the company wants to shift the increased production cost resulting from depreciating rupee entirely on to the consumers.

Indus Motor Company which increased the car prices four times in 2018 has once again hiked the prices following the depreciation of rupee against the US dollar which made import of auto parts expensive.

The revised prices are made in the range of Rs75,000 to Rs175,000 at the beginning of the new year.Previously in October 2018, the company raised prices in the range of Rs50,000-175,000 for November and December deliveries and Rs100,000-350,000 for deliveries from January 2019 onwards.

The new prices are as follows:

 

Model New Price Old Price
Corolla XLI M/T Rs.2,044,000 Rs.1,944,000
Corolla XLI A/T Rs.2,119,000 Rs.2,069,000
Corolla GLI M/T Rs.2,299,000 Rs.2,224,000
Corolla GLI M/T Special Edition Rs.2,373,000 Rs.2,316,000
Corolla GLI A/T Rs.2,374,000 Rs.2,299,000
Corolla Altis 1.6 Rs.2,574,000 Rs.2,474,000
Corolla Altis 1.8 MT Rs.2,689,000 Rs.2,589,000
Corolla Grande MT-SR Rs.2,864,000 Rs.2,764,000
Corolla Grande CVT-SR Rs.2,999,000 Rs.2,899,000
Hilux 4×2 S/C Standard Rs.2,929,000 Rs.2,804,000
Hilux 4×2 Single Cab (Up Spec) Rs.2,959,000 Rs.2,834,000
Hilux 4×2 Single Cab Deckless Rs.2,674,000 Rs.2,549,000
Hilux 4×4 Standard Rs.4,159,000 Rs.4,009,000
Hilux Double Cab Standard Rs4,549,000 Rs.4,399,000
Hilux Revo G 2.8 Rs.4,859,000 Rs.4,709,000
Hilux Revo G AT  2.8 Rs.5,089,000 Rs.4,939,000
Hilux Revo V AT  2.8 Rs.5,399,000 Rs.5,274,000
Fortuner 4×2 HI Petrol Rs.6,399,000 Rs.6,249,000
Fortuner 4×2 Diesel Rs.6,799,000 Rs.6,624,000

 

by Aqsa Mirza

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