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

Ayesha

05 Aug 2022

466

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

*Variants*	Old 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.