Highlights:
- Toyota increases vehicle prices once again
- Sources blame rupee depreciation for the cause
- IMC advises customers to wait 3-4 months or receive a refund
Amid rising inflation, Toyota has increased the prices of its cars, once again.
According to sources the decrease in the value of the Pakistani rupee has made it difficult for IMC (Indus Motor Company Limited) to proceed with the current retail selling prices.
Therefore, they have no choice but to pass on some impact to the market. According to IMC, order intake shall remain suspended until further notice by the company.
Latest Prices of Toyota Cars
Below are the new prices of Toyota cars with old prices and differences for easy comparison:
| # | Toyota Vehicles | New Prices (PKR) | Old Prices (PKR) | Difference (PKR) |
| 1 | Corolla X 1.6 MT | 4,899,000 | 3,909,000 | 9,900,00 |
| 2 | Corolla X 1.6 AT | 5,139,000 | 4,099,000 | 1,040,000 |
| 3 | Corolla X 1.6 AT SE | 5,639,000 | 4,509,000 | 1,130,000 |
| 4 | Corolla X 1.8 CVT | 5,679,000 | 4,499,000 | 1,180,000 |
| 5 | Altis Grande X 1.8 CVT | 6,149,000 | 4,859,000 | 1,290,000 |
| 6 | Altis Grande X 1.8 CVT | 6,189,000 | 4,899,000 | 1,290,000 |
| 7 | Yaris GLI M/T 1.3 | 3,799,000 | 3,039,000 | 7,600,00 |
| 8 | Yaris ATIV M/T 1.3 | 3,999,000 | 3,209,000 | 7,900,00 |
| 9 | Yaris GLI CVT 1.3 | 4,039,000 | 3,249,000 | 7,900,00 |
| 10 | Yaris ATIV CVT 1.3 | 4,209,000 | 3,379,000 | 8,300,00 |
| 11 | Yaris ATIV X M/T 1.5 | 4,309,000 | 3,449,000 | 8,600,00 |
| 12 | Yaris ATIV CVT 1.5 | 4,569,000 | 3,659,000 | 9,100,00 |
| 13 | Fortuner 2.7 G | 12,489,000 | 9,959,000 | 2,530,00 |
| 14 | Fortuner 2.7 V | 14,279,000 | 11,459,000 | 2,820,000 |
| 15 | Fortuner 2.8 Sigma 4 | 15,069,000 | 12,039,000 | 3,030,000 |
| 16 | Fortuner Legender Diesel | 15,839,000 | 12,679,000 | 3,160,000 |
| 17 | REVO G Auto 2.8 | 10,299,000 | 8,379,000 | 1,920,000 |
| 18 | REVO V Auto 2.8 | 11,349,000 | 9,229,000 | 2,120,000 |
| 19 | REVO G 2.8 M/T | 9,819,000 | 7,989,000 | 1,830,000 |
| 20 | Hilux E | 9,039,000 | 7,359,000 | 1,680,000 |
| 21 | REVO V Rocco | 11,990,00 | 9,729,000 | 2,270,000 |
Rupee depreciation has hit the automobile industry very hard. Toyota has suspended bookings and has advised customers to wait for 3-4 months or withdraw their payments made for the vehicles.
Despite collecting Billions of Pakistani rupees, IMC has been finding it hard to timely deliver the vehicles and is therefore offering refunds.
While Pakistan’s economy has taken a hit during the last few months, harsh import bans can further deteriorate the situation.
Although the government will soon unban imports of certain luxury items, the automobile industry is still under immense stress which can have dangerous consequences.
