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Toyota Decreases Car Prices by Up to 1.3 Million Rupees in Pakistan

Toyota Decreases Car Prices by Up to 1.3 Million Rupees in Pakistan

Toyota Decreases Car Prices by Up to 1.3 Million Rupees in Pakistan

Toyota Decreases Car Prices by Up to 1.3 Million Rupees in Pakistan

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  • Toyota vehicles in Pakistan get price cuts due to stronger rupee.
  • In the Yaris lineup, various models have seen price reductions.
  • The Toyota Corolla series has undergone significant price reductions.
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Indus Motor Company (IMC) in Pakistan has joined Kia Pakistan and MG Motors in reducing car prices. They have issued a circular with new ex-factory prices for their vehicles. This price drop is linked to the recent strengthening of the Pakistani rupee (PKR) against the US dollar (USD) over the past few weeks, as expected. Consequently, consumers in Pakistan can now access more budget-friendly Toyota vehicles, reflecting the beneficial effects of the improved PKR exchange rate.

In the Yaris lineup, various models have seen price reductions of Rs. 100,000. The Toyota Yaris 1.3 MT LO is now priced at Rs. 4,399,000, and the 1.3 CVT LO is available at Rs. 4,689,000. The premium Yaris 1.3 MT Hi and 1.3 CVT Hi models are now offered at Rs. 4,659,000 and Rs. 4,899,000, respectively. Additionally, the Yaris 1.3 CVT Aero model has been reduced by Rs. 100,000, making it priced at Rs. 5,099,000. Further price cuts of Rs. 120,000 have been applied to the 1.5 MT and 1.5 CVT Yaris models.

The Toyota Corolla series has undergone significant price reductions. The 1.6 MT model now stands at Rs. 5,969,000, marking a reduction of Rs. 200,000. The 1.6 CVT and 1.6 CVT SR models have both experienced price drops of Rs. 210,000 and Rs. 240,000, respectively, resulting in new prices of Rs. 6,559,000 and Rs. 7,189,000. The 1.8 CVT and 1.8 CVT SR models have been discounted by Rs. 230,000 and Rs. 250,000, and they are now priced at Rs. 6,889,000 and Rs. 7,509,000, respectively. The 1.8 CVT SR BLK has also seen a reduction of Rs. 250,000, now available at Rs. 7,549,000.

The Toyota Hilux Revo series has undergone significant price cuts. The Hilux E, Revo G, and Revo G models have seen reductions of Rs. 400,000, Rs. 450,000, and Rs. 470,000, respectively. These models now come with new prices ranging from Rs. 11,039,000 to Rs. 12,549,000. The larger Toyota Revo V AT 2.8, Revo V At Rocco, and Revo GR S models have also experienced notable price drops, ranging from Rs. 540,000 to Rs. 790,000.

The Toyota Fortuner range has experienced significant price revisions, with reductions spanning from Rs. 1,100,000 to Rs. 1,310,000. This has resulted in the Fortuner series becoming more budget-friendly, with the 2.7 G Petrol, 2.7 V Petrol, 2.8 Sigma 5 Diesel, Fortuner Legender Diesel, and Fortuner GRS models now offered at new prices ranging from Rs. 14,499,000 to Rs. 19,899,000.

Terms and Conditions:

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Provisional Prices:

The prices mentioned are not final and are subject to change. The actual price at the time of delivery will be the one applied to the purchase.

Price Components:

The new prices listed are ex-factory prices in Karachi and include sales tax, federal excise duty (FED), 1% central value tax (CVT), and the dealer’s commission. These components make up the base price of the vehicle.

Additional Charges:

The prices do not include various additional charges, such as transportation and transit insurance. These costs will be charged separately at applicable rates to the customers.

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Government Levies and Taxes:

Any changes in government levies, taxes (including FED, sales tax, CVT, etc.), tariff adjustments, fiscal policies, import policies, and forex fluctuations can impact the final price. These changes will be borne by the customer, reflecting the dynamic nature of economic and tax policies.

Income Tax and Withholding Tax:

The prices are exclusive of income tax and withholding tax (WTH). These taxes will be charged to customers based on applicable tax rates, depending on whether the customer is a filer or non-filer under the Income Tax Ordinance. It means that the tax amount may vary based on the individual customer’s tax status.

Order Terms and Conditions:

Customers who place orders for Toyota vehicles are bound by the terms and conditions outlined in the provisional booking order form (PBO). These terms and conditions may specify payment schedules, obligations, and other contractual details. Customers must adhere to these terms for their purchases.

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Toyota Fortuner 2023 Exclusive Price in Pakistan – Oct 2023
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Force Majeure:

Customers might also be required to sign and submit a force majeure undertaking. This document typically outlines responsibilities and liabilities in the event of unforeseen events or circumstances that could affect the purchase or delivery of the vehicle.

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