Indus Motor Company (IMC) is all set to increase the Toyota car prices today. According to our sources, the company will hike up the rates of Toyota Corolla and Toyota Fortuner. However, there is no confirmation, how much they will go up. The auto industry experts believe that the possible reasons behind this fresh jump are increasing prices of auto spare parts in international market and non-issuance of Letter of Credits (LCs) by State Bank of Pakistan.
If our sources are correct, then it is not a good news for the consumers. Because the car prices have mostly seen an upward trajectory in last couple of years. The reasons behind this trajectory are devaluation of rupee, aftershocks of COVID-19, high freight charges and expensive raw materials.
Current Toyota Car Prices
In July this year, the company hiked up the car prices due to rapid devaluation of the rupee. However, after a stable performance by Pakistani rupee against the US dollar in August, IMC announced a decrease in the prices. Here are the current prices of Toyota cars.
Toyota Corolla Car Prices
There are currently six variants of Toyota Corolla in Pakistan, and their price reductions.
- The first one is Corolla Altis X Manual 1.6 and its current price is Rs. 4,569,000.
- Then comes Corolla Altis X Automatic 1.6, which now costs Rs. 4,789,000.
- The third variant is Corolla Altis X Automatic 1.6 Special Edition (SE), which has a price of Rs. 5,279,000.
- The next one is Corolla Altis X CVT-i 1.8 which now has a price tag of Rs. 5,269,000.
- Next one is Corolla Altis Grande X CVT-i 1.8 (Beige Interior), which currently costs of Rs.5,709,000.
- And last but not least, it is Corolla Altis Grande X CVT-i 1.8 (Black Interior) with a cost of Rs. 5,749,000.
Fortuner Price in Pakistan
At the end, we have the famous SUV, Toyota Fortuner, and here is the update on its prices.
- First one is Fortuner 2.7 G and it currently costs Rs. 11,579,000.
- Then comes Fortuner 2.7 V and its price is Rs. 13,259,000.
- Third variant is Fortuner 2.8 Sigma 4, which has a price tag of Rs. 13,969,000.
- Fourth one is Fortuner Legender, which costs Rs. 14,699,000.
What is your take on the expected hike in Toyota car prices? Please share your thoughts in the comments section.
