Toyota revises car prices in Pakistan

The prices were increased starting from Rs65,000 up to Rs307,100 for different variants.

(Web Desk) – Toyota Indus Motor Company (IMC) increased the price of its Corolla and IMV vehicles due to devaluation of Pakistani currency. Prices of Corolla XLi, GLi, Altis, Grande, Hilux and Fortuner models have raised due to growing inflation.

A list was issued today describing the revised structure of all Toyota cars.

There will be a difference in prices for tax filers and non-filers. Freight charges also vary for different cities according to PakWheels.com

IMC announced that it has extended the warranty of all CKD and CBU models from two year, 50,000 KMs to three year, 100,000 KMs.

New local Corolla can purchase an extended warranty for Rs9,500 which will add a warranty of one year, 25,000 KMs.

Similarly, buyers of Fortuner variants can pay Rs38,000 (1.3L) or Rs40,000 (1.6L and 1.8L) for an optional extended warranty of one year, 20,000 KMs.

Pre-booked vehicles will not be affected from the new prices.

The prices were increased starting from Rs65,000 up to Rs307,100.

The new prices will be implemented from April 20, 2019.

MARCH RAISE

Last month, Toyota IMC had revised the prices of its vehicles, including Toyota Corolla and its variants, Toyota Hilux and its variants and various other Toyota CBUs.

The government has also levied a 10% FED on locally built cars of 1700cc engine displacement and above through the recent Finance Supplementary (Second Amendment) Bill 2019. The prices have also been affected by this factor in the case of 1700cc or above engine displacement cars.

It is worth mentioning here that the federal government had announced that it intends to withdraw 10% FED on vehicles of 1700cc engine displacement and up in the coming weeks. However, the promise made by Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, Textile and Industries, is yet to be fulfilled.

A similar hike in Toyota car prices was seen in November 2018.