The latest price of Toyota cars after rate hike

The price rise on the lineup of CKD automobiles from Indus Motor Company (IMC), the producer of Toyota vehicles in Pakistan, is due to "massively changing market conditions and rising landscape."

The new retail selling prices (ex-factory), which took effect on January 12, are as follows:

Toyota Corolla

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 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

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

The company informed the dealer principals, chief executive officers, and dealer head of sales in a note that "the vendor cost of manufacturing has dramatically increased due to economic uncertainty and inflation in raw material cost."

The automaker also listed the fluctuating FX market, rising utility costs, and overheads as significant reasons affecting the cost of manufacturing for the business.

We are forced to pass on some effect to the market because it has become impossible for IMC to maintain the present retail selling prices as a result of this circumstance.

The lack of imported raw materials and government-imposed import restrictions have had a significant negative impact on the car sector recently, leading to the closure of production facilities by corporations.