Toyota Increases the Prices of its High Engine Capacity Vehicles by 10%

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Indus Motor Company – Toyota has increased the prices of cars with an engine capacity of over 1700cc by 10%. The new prices have come into effect from Monday, March 11, 2019.

The company has sent a notification to dealers about the revised price updates for Corolla 1.8L variants and Fortuner.

Indus Motors CEO, Ali Asghar Jamali, has attributed the hike to 10% Federal Excise Duty (FED) imposed by the government on vehicles with 1700cc and above engine capacity.

The notice sent to the dealers by the auto company read:

“It is important to note that FED will be applicable to all new and balance order (including full and partial payment). New RSP (retail selling price) will also be applicable to all government orders pending delivery with the company.”

According to the new price list, Corolla Altis M/T (1.8 liters) is now cost Rs2.96 million, Corolla Altis A/T CVT-I (1.8 liters) is priced at Rs3.10 million, Corolla Grande MT-SR (1.8 liters) at Rs3.15 million and Corolla Grande AT-SR CVT-I (1.8 liters) will come with a price tag of Rs3.30 million.

Fortuner 4×4 – Sigma 4 (2.8L, Diesel) is priced at Rs7.52 million and Fortuner 4×2 (2.7 liters) petrol engine is priced at Rs7.04 million.

by Aqsa Mirza

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