Monitoring Desk
ISLAMABAD/KARACHI: The Indus Motor Company (IMC), the maker of Toyota vehicles, increased the prices in Pakistan of CKD vehicles lineup between the range of Rs280,000 and Rs1,210,000, citing “massive changing market conditions and increasing landscape” for the rate hike.
Vehicles princes increased
The company said that “due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased,” and a notice was sent to the dealer principals, chief executive officers, and dealer head of sales.
The automaker further cited the volatile situation of forex reserves in Pakistan and the increase in utilities and overheads as significant factors that impacted the cost of manufacturing for the company.
“Thus, this situation has made it difficult for IMC to hold the current retail selling prices, and therefore, we are compelled to pass on some impact to the market.
Toyota Corolla old and new prices:
| Variants | Old Prices | News Prices | Difference |
| Corolla 1.6 MT | Rs4,569,000 | Rs4,939,000 | Rs370,000 |
| Corolla 1.6 CVT | Rs4,979,000 | Rs5,369,000 | Rs390,000 |
| Corolla 1.6 CVT UPSPEC | Rs5,479,000 | Rs5,909,000 | Rs430,000 |
| Corolla 1.8 CVT SR | Rs5,709,000 | Rs6,169,000 | Rs460,000 |
| Corolla 1.8 CVT SR (BLACK) | Rs5,749,000 | Rs6,209,000 | Rs460,000 |
Toyota Yaris:
| Variants | Old Prices | News Prices | Difference |
| YARIS 1.3 MT | Rs3,539,000 | Rs3,819,000 | Rs280,000 |
| YARIS 1.3 CVT | Rs3,769,000 | Rs4,069,000 | Rs300,000 |
| YARIS 1.3 H MT | Rs3,729,000 | Rs4,039,000 | Rs310,000 |
| YARIS 1.3 H CVT | Rs3,929,000 | Rs4,239,000 | Rs310,000 |
| YARIS 1.5 MT | Rs4,009,000 | Rs4,339,000 | Rs330,000 |
| YARIS 1.5 CVT | Rs4,259,000 | Rs4,609,000 | Rs350,000 |
Toyota Fortuner:
| Variants | Old Prices | News Prices | Difference |
| FORTUNER LO PETROL | Rs11,579,000 | Rs12,509,000 | Rs930,000 |
| FORTUNER HIGH PETROL | Rs13,259,000 | Rs14,319,000 | Rs1,060,000 |
| FORTUNER DIESEL | Rs13,969,000 | Rs15,099,000 | Rs1,130,000 |
| FORTUNER DIESEL LEGENDER | Rs14,699,000 | Rs15,909,000 | Rs1,210,000 |
Toyota Hilux Revo:
| Variants | Old Prices | News Prices | Difference |
| REVO V AT | Rs10,599,000 | Rs11,429,000 | Rs830,000 |
| REVO V AT ROCCO | Rs11,179,000 | Rs12,049,000 | Rs870,000 |
The Pakistan auto industry has been badly affected in recent months, with companies shutting down production plants because of the unavailability of imported raw materials and the restrictions imposed by the government to curb imports.
