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Toyota Raises vehicle prices by up to Rs. 2 million
Toyota Raises vehicle prices by up to Rs. 2 million
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- Toyota (IMC) is the most recent to raise the prices of both locally built and imported vehicles.
- The corporation cites the recent general sales tax (GST) increase as the basis for the change.
- The recent price increase may contribute to a drop in sales in the following weeks.
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Vehicle price increases have become a depressing regularity these days, with all automakers making monthly announcements. Toyota Indus Motor Corporation (IMC) is the most recent to raise the prices of both locally built and imported vehicles.
The corporation cites the recent general sales tax (GST) increase as the basis for the change. The following new prices are in effect as of March 10:
| Model | Old Price (Rs.) | New Price (Rs.) | Increase (Rs.) |
| Yaris GLI MT 1.3 | 4,316,000 | 4,499,000 | 183,000 |
| Yaris GLI CVT 1.3 | 4,588,000 | 4,789,000 | 201,000 |
| Yaris ATIV MT 1.3 | 4,558,000 | 4,759,000 | 201,000 |
| Yaris ATIV CVT 1.3 | 4,790,000 | 4,999,000 | 209,000 |
| Yaris ATIV X MT 1.5 | 4,911,000 | 5,429,000 | 518,000 |
| Yaris ATIV X CVT 1.5 | 5,213,000 | 5,769,000 | 556,000 |
| Corolla Altis X MT 1.6 | 5,576,000 | 6,169,000 | 593,000 |
| Corolla Altis 1.6 X CVT-i | 6,111,000 | 6,769,000 | 658,000 |
| Corolla Altis 1.6 X CVT-i SE | 6,716,000 | 7,429,000 | 713,000 |
| Corolla Altis 1.8 X CVT | 6,423,000 | 7,119,000 | 696,000 |
| Corolla Altis Grande X CVT-11.8 Beige | 6,998,000 | 7,759,000 | 761,000 |
| Corolla Altis Grande X CVT-i1.8 Black | 7,039,000 | 7,759,000 | 760,000 |
| Revo G MT | 11,184,000 | 12,409,000 | 1,225,000 |
| Revo G AT | 11,728,000 | 13,019,000 | 1,291,000 |
| Revo V AT 2.8 | 12,969,000 | 14,389,000 | 1,420,000 |
| Revo V AT Rocco | 13,675,000 | 15,179,000 | 1,540,000 |
| Fortuner 2.7 G Petrol | 14,230,000 | 15,809,000 | 1,579,000 |
| Fortuner 2.7 V Petrol | 16,297,000 | 18,099,000 | 1,802,000 |
| Fortuner 2.8 Sigma 4 Diesel | 17,175,000 | 19,079,000 | 1,904,000 |
| Fortuner Legender Diesel | 18,112,000 | 20,129,000 | 2,017,000 |
Toyota has seen a significant drop in sales in February 2022.
According to the most recent Autojounal.pk update, the company only sold 1,803 cars last month, the lowest sales total since June 2020, when it only sold 547 vehicles owing to COVID-19-related problems.
The study mentions irregular manufacturing halts and a lack of completely knocked down (CKD) kits. The automakers also cited the State Bank of Pakistan‘s (SBP) refusal to provide letters of credit (LCs) for the clearing of imported goods.
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The recent price increase may contribute to a drop in sales in the following weeks.
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