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
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.
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.