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MPS Preview: High for Longer

Toyota hikes car prices by up to Rs1.16mn

Toyota hikes car prices by up to Rs1.16mn
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January 30, 2023 (MLN): The Indus Motor Company (IMC) announced a price increase for its Toyota cars, up to PKR 1.16 million, due to economic uncertainties and the fluctuation of PKR against USD.

The cost of manufacturing has been negatively impacted, making it difficult for IMC to maintain its current selling prices.

In 2022, IMC sold 54,768 units, with the best-selling models being the Toyota Corolla and Toyota Yaris.

The new prices will apply to all new orders made after January 12, 2023.

Orders already in the system as of January 12, 2023, will be invoiced according to their original prices, as outlined in IMC price circulars from March 22, 2022, and April 29, 2022.

 

Current RSP
Ex Factory Karachi

New Indicative RSP
Ex Factory Karachi

Change

YARIS 1.3 MT

3,819,000

4,079,000

260,000

YARIS 1.3 CVT

4,069,000

4,339,000

270,000

YARIS 1.3 H MT

4,039,000

4,309,000

270,000

YARIS 1.3 H CVT

4,239,000

4,529,000

290,000

YARIS 1.5 MT

4,339,000

4,649,000

310,000

YARIS 1.5 CVT

4,609,000

4,929,000

320,000

COROLLA 1.6 MT

4,939,000

5,269,000

330,000

COROLLA 1.6 CVT

5,369,000

5,749,000

380,000

COROLLA 1.6 CVT Upspec

5,909,000

6,319,000

410,000

1.8 CVT

5,639,000

6,069,000

430,000

COROLLA 1.8 CVT SR

6,169,000

6,609,000

440,000

COROLLA 1.8 CVT SR BLK

6,209,000

6,649,000

440,000

IMV I STD

5,959,000

6,399,000

440,000

lMV I STD U/S

5,989,000

6,429,000

440,000

IMV I DECKLESS

5,529,000

5,929,000

400,000

IMV I 4×4

7,879,000

8,459,000

580,000

IMV I 2TR

5,739,000

6,139,000

400,000

IMV III STD

9,069,000

9,729,000

660,000

REVO G MT

9,839,000

10,549,000

710,000

REVO G AT

10,309,000

11,059,000

750,000

REVO V AT

11,429,000

12,239,000

810,000

REVO V AT ROCCO

12,049,000

12,899,000

850,000

FORTUNER LO PETROL

12,509,000

13,419,000

910,000

FORTUNER HIGH PETROL

14,319,000

15,359,000

1,040,000

FORTUNER DIESEL

15,099,000

16,189,000

1,090,000

FORTUNER DIESEL LEGENDER

15,909,000

17,069,000

1,160,000

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Posted on: 2023-01-30T15:02:39+05:00