Toyota increases prices for all vehicles in Pakistan

KARACHI — Renowned auto manufacturer Toyota Indus Motors Company has increased the price of its various vehicles from Rs75,000(lowest) to Rs175,000 (highest).

The company has issued an official letter to its dealerships in this regard and new price surge will be effective from 3rd January 2019.

Here are the updated prices

Model	New Price in Rs	Old Price in Rs	Difference in Rs
Corolla XLI M/T	2,044,000	1,944,000	100,000
Corolla XLI A/T	2,119,000	2,069,000	50,000
Corolla GLI M/T	2,299,000	2,224,000	75,000
Corolla GLI M/T Special Edition	2,373,000	2,316,000	57,000
Corolla GLI A/T	2,374,000	2,299,000	75,000
Corolla Altis 1.6	2,574,000	2,474,000	100,000
Corolla Altis 1.8 MT	2,689,000	2,589,000	100,000
Corolla Grande MT-SR	2,864,000	2,764,000	100,000
Corolla Grande CVT-SR	2,999,000	2,899,000	100,000
Hilux 4×2 S/C Standard	2,929,000	2,804,000	125,000
Hilux 4×2 Single Cab (Up Spec)	2,959,000	2,834,000	125,000
Hilux 4×2 Single Cab Deckless	2,674,000	2,549,000	125,000
Hilux 4×4 Standard	4,159,000	4,009,000	150,000
Hilux Double Cab Standard	4,549,000	4,399,000	150,000
Hilux Revo G 2.8	4,859,000	4,709,000	150,000
Hilux Revo G AT  2.8	5,089,000	4,939,000	150,000
Hilux Revo V AT  2.8	5,399,000	5,274,000	125,000
Fortuner 4×2 HI Petrol	6,399,000	6,249,000	150,000
Fortuner 4×2 Diesel	6,799,000	6,624,000	175,000

The customers are also be required to pay a withholding tax (WHT) of Rs150,000 on the variants of Hilux 4×4 S/C STD, Rs200,00 on Hilux Revo (G-MT and V-AT) and Fortuner.

https://en.dailypakistan.com.pk/business/new-year-gift-pak-suzuki-revises-price-for-various-vehicles/

The surge in price is due to the devaluation of the rupee. In simple terms, not all parts of the cars are manufactured locally, so the automakers are forced to import parts from foreign vendors, which due to the devaluation of the rupee have now become expensive.