Insane price hike in Prado, Hiace, Prius and other Toyota Cars

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Toyota Indus Motors Company (IMC) has introduced insane price hikes up to Rs48,00,000 for its different models.

According to the company, the new rates include ex-plant prices and will be applicable from today, July 7, 2020.

According to a notification, the company has increased the price of Lexus LC200 VX A/T (Diesel) will now cost Rs51,370,000, comparing to its old price of Rs46,500,000. Meanwhile, LC200 VX A/T (Gasoline) has seen jump of Rs4,650,000 and will now cost Rs52,650,000 from Rs48,00,000.

Meanwhile, the price of Prado 4.0 Petrol A/T is increased by Rs3,010,000 and will cost Rs41,410,000 from old price of Rs38,400,000. Prado’s 3.0 Diesel Turbo A/T will now cost Rs39,270,000, after seeing increase of Rs2,570,000.

The company has increased the rate of Prius 1.8L by Rs900,000, taking the price from Rs8,370,000 to Rs9,270,000. Meanwhile, the amount of Camry High Grade has seen a jump of Rs2,130,000, as it will now cost Rs18,630,000, comparing to its old price of Rs16,500,000.

Furthermore, the company has hiked the price of different models of Hiace up to Rs480,000. After the revised price list, Hiace High Roof (Diesel) will now cost Rs7,350,000, comparing to its old rate of Rs6,870,000. Meanwhile, Hiace Mid Roof Dual AC (Gasoline)’s new rate is Rs6,620,000, seeing a jump of Rs430,000 from Rs6,190,000.

The company has increased the price of Hiace Deluxe ACE LUX Wagon High Grade by Rs1,121,000. The new price of this vehicle is Rs11,120,000, while the old rate was Rs9,999,000.

According to the notification, the GAT version of Rush car will now cost Rs5,840,000, with an increase of Rs620,000. Meanwhile, the new price of Rush GMT is Rs5,630,000 as compared to its old rate of Rs5,040,000, seeing a jump of Rs590,000.

Earlier Price Hikes: 

The fresh price hike has come amid a recent jump in rates by all top car manufacturers of Pakistan in the last few days.

Earlier, the company hiked prices of (4×4) Toyota Hilux cars. The revised prices for four variants were issued after the government imposed 7.5% FED on locally manufactured double cabin cars, while 25% FED was imposed on imported ones under FY Budget 2020-21.

According to the new notification, the price of IMV III STD has been hiked from Rs5,499,000 to Rs5,912,000, with an increase of Rs413,000. Meanwhile, Revo GMT will now cost Rs6,342,000, after an increase of Rs443,000 from previous price of Rs5,899,000.

Furthermore, the new price of Revo G AT is Rs6,664,000, as its old price was Rs6,199,000. The model has seen a jump of Rs465,000. The fourth variant for Hilux, Revo V AT will now be available at the price of Rs7,041,000, seeing an increase of Rs492,000 from the old price of Rs6,549,000.

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