Toyota Pakistan is likely to increase the prices of its completely built-up (CBU) automobiles today, with an increase ranging from Rs. 300,000 to Rs. 1.25 million. This will be the automaker’s second price increase in less than a month.
According to Pakwheels, the planned spike is due to the depreciation of the Pakistani rupee, an increase in freight rates, and growing material costs.
Toyota’s CBU rates were raised to Rs. 2.28 million at the beginning of this month and were applicable by 4 March. The corporation had also stated that it will pass the price hike on to its customers due to a recent increase in the Regulatory Duty (RD) on imported CBU units
Note that the prices of all the CBUs had already been elevated to above Rs. 1.1 million. The unbelievable hike of Rs. 2.28 million was announced for Prius 1.8L, while the price of Corolla Cross was upped by Rs. 2.14 million for the premium variant.
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