Toyota Announces Outrageous Price Hike for Multiple Cars - Android

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Toyota Announces Outrageous Price Hike for Multiple Cars - Android

It was being speculated since the announcement of the new budget and our worst fears have now been realized. Toyota Read More

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It was being speculated since the announcement of the new budget and our worst fears have now been realized. Toyota Indus Motor Company (IMC) has finally announced outrageous price increments on multiple vehicles.

The increments start at Rs. 380,000 and go as high as Rs. 4.9 million per car, which is completely absurd considering that the dollar hasn’t really changed that much in value off late.

It bears mentioning, however, that most vehicles that received a price hike had lower sales. The ones that are supposedly bought more, namely, the Corolla, the Yaris, and the Fortuner, are yet to receive a price bump. Still, the price increase is quite high as you can see in the table given below:

CarVariantOld Price (PKR)Revised Price (PKR)Increase (PKR)
Prius1.8L8,370,0009,270,000900,000
CamryHybrid16,500,00018,630,0002,130,000
Coaster29 Seater High-Roof12,800,00013,999,0001,199,000
AvanzaM/T Petrol Powered5,220,0005,790,000570,000
RushGMT5,040,0005,630,000590,000
GAT5,220,0005,840,000620,000
Prado3.0 Liter Turbo-Diesel M/T26,000,00027,930,0001,930,000
3.0 Liter Turbo-Diesel A/T36,700,00039,270,0002,570,000
4.0 Liter V6 Petrol A/T38,400,00041,410,0003,010,000
Land CruiserGX 4.5 Liter V8 M/T (Diesel)38,900,00041,690,0002,790,000
VX 4.5 Liter V8 A/T(Diesel)46,500,00051,370,0004,870,000
VX 4.6 Liter V8 A/T (Petrol)48,000,00052,650,0004,650,000
Hiace DeluxeHiace Commuter Deluxe Std Roof 2.8 Liter6,199,0006,890,000691,000
Hiace Commuter Deluxe High Roof 2.8L6,999,0007,850,000851,000
Hiace Tourer Deluxe High Roof AT 2.8L7,999,0008,950,000951,000
HiaceStandard Roof (Diesel)5,600,0006,010,000410,000
Standard Roof Dual AC (Diesel)6,070,0006,480,000410,000
High Roof (Diesel)6,870,0007,350,000480,000
Standard Roof (Petrol)5,270,0005,690,000420,000
Standard Roof Dual AC (Petrol)5,680,0006,060,000380,000
Mid Roof Dual AC (Petrol)6,190,0006,620,000430,000

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The last price hike was announced by Toyota a few weeks ago for the new Hilux Revolution. If the ongoing trend of price hikes is any indication, we’re in for more price increases later this year. It has been a tough year for the auto industry with the stalled production and declined sales, but with such monumental price hikes happening multiple times a year, the fate of the automakers in Pakistan seems quite turbulent.

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07/07/2020 11:44 AM