Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has increased prices of its cars yet again. The hike goes as high as Rs2.017 million and the new rates will come into effect from March 10.
Another price hike by PKR 5.5 lacs pushes the top trim of Toyota Yaris close to PKR 5.8 Million in Pakistan.
Note here that the automaker increased the prices of its cars in the light of revision of GST from 18% to 25% and volatility of PKR against USD.
“As you are aware, economic uncertainties and the extreme volatile situation of rupee against the dollar has adversely impacted the cost of manufacturing for IMC. This situation has made it extremely difficult for IMC to hold the current indicative retail selling prices,” the company said.
Other Variants Prices
Following the recent price hike, Toyota’s cheapest car Yaris 1.3MT will now sell for Rs4.499 million. The car saw its price rise by Rs183,000.
The high-end Toyota Fortuner Legender became costlier by Rs2.017 million and crossed the Rs20-million mark. The new price of the variant is Rs20.129 million.
The Corolla 1.6 MT will now be sold for Rs6.169 million after a price hike of Rs593,000.