Indus Motors Increases Car Prices from Rs65,000 to Rs307,000


Toyota Indus Motor Company (IMC) has once again increased the price of its Corolla and IMV vehicles due to depreciation of Pakistani currency against the US dollar. Meanwhile, the prices of Corolla XLi, GLi, Altis, Grande, Hilux, and Fortuner models have also jacked up due to the constant wave of inflation.

After the price revision, the new rates of Toyota Corolla XLI, XLI AT, GLI and GLI AT will be Rs2.109 million, Rs2.184m, Rs2.364m and Rs2.439m, respectively with each increase in price by Rs65,000.

Similarly, the price of Altis 1.6 has hiked by Rs100,000 to Rs2.674m, Altis 1.8MT by Rs111,100 to Rs3.069m and 1.8 CVT rising by Rs109,600 to Rs3.205m.
The prices of Fortuner’s diesel and petrol variants has also been revised by Rs307,100 and Rs260,100 to Rs7.819m and Rs7.299m, respectively. Similarly, Hilux prices have been jacked up by Rs80,000 and that of Revo by Rs150,000.

A company dealer said the constant rupee depreciation against the dollar has pushed up cost of imports of parts and accessories. According to him, IMC had increased prices due to the increase in the cost of completely knocked down kits and local parts.

Last month, Toyota IMC had revised the prices of its vehicles, including Toyota Corolla and its variants, Toyota Hilux and its variants and various other Toyota CBUs. A similar hike in Toyota car prices were seen in November 2018.

by Aqsa Mirza


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