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Toyota IMC Biggest-Ever Price Hike Upto Rs.3.1 Million

Ayesha  05 Aug 2022   238
Toyota IMC Biggest-Ever Price Hike Upto Rs.3.1 Million

Toyota IMC Biggest-Ever Price Hike Upto Rs.3.1 Million

Toyota Indus Motor Company (IMC) has declared their massive price hike of their locally assembled cars. Kia Motors have already announced the price hike of their vehicles recently and both the companies have made their decision after inflation in the country and depreciating the value of PKR. This is the first price hike of their bikes in Pakistan this year and the main reason of this price hike is increase in freight charges and cost of the material. The viewers will get the latest updates of the Toyota IMC Biggest-Ever Price Hike Upto Rs.3.1 Million.

The new prices of the vehicles are effective immediately, which are mentioned as under:

Variants Old
Price (Rs.)
Revised
Price (Rs.)
Increase
(Rs.)
Toyota
Yaris
1.3 Gli M/T 3,039,000 3,799,000 760,000
1.3 Gli CVT 3,249,000 4,039,000 790,000
1.3 ATIV M/T 3,209,000 3,999,000 790,000
1.3 ATIV CVT 3,379,000 4,209,000 830,000
1.5 ATIV X M/T 3,449,000 4,309,000 860,000
1.5 ATIV X CVT 3,659,000 4,569,000 910,000


VariantsOld
Price (Rs.)
Revised
Price (Rs.)
Increase
(Rs.)
Toyota
Corolla
Altis 1.6 M/T 3,909,000 4,899,000 990,000
Altis 1.6 M/T 4,099,000 5,139,000 1,040,000
Altis SE 1.6 A/T 4,509,000 5,639,000 1,130,000
Altis 1.8 CVT 4,499,000 5,679,000 1,180,000
Altis 1.8 Grande CVT Beige Interior 4,859,000 6,149,000 1,290,000
Altis 1.8 Grande CVT Beige Interior 4,899,000 6,189,000 1,290,000

Expected More Price Hikes 
During the current situation, the company has to face the global logistic challenges, increase in freight cost and depreciating local currency and inflation is also spreading continuously. Toyota IMC has increased the prices of the vehicles and it will prompt other auto makers to join the price hike movement.
The entire car industry has to face the severe production issues after late approval of letter of credit for import of CKD kits. These factors can have deep impact on the auto industry of the country. 

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