Automotive

Toyota cut car prices by up to Rs 1.1 million as dollar loses its ground

Writer Paras Malik

Posted on August 17, 2022

Toyota Indus Motor Company (IMC) has reduced the price of all locally built vehicles, which is a positive trend and other players should follow. Toyota IMC has been the first automaker to lower the prices for its indigenous automobile lineup.

Toyota Corolla Car Prices

In Pakistan, there are now six different Toyota Corolla models

The cost of the first vehicle, a Corolla Altis X Manual 1.6, has decreased by Rs. 330,000 to Rs. 4,569,000 from its previous price of Rs. 4,899,000.
Next is the Corolla Altis X Automatic 1.6, which now costs Rs. 4,789,000 rather than Rs. 5,139,000 due to a Rs. 350,000 price drop.
The Corolla Altis X Automatic 1.6 Special Edition (SE), which was previously priced at Rs. 5,639,000, is now available for Rs. 5,279,000 after the company made a Rs. 360,000 price cut.
The Corolla Altis X CVT-i 1.8 is the next car on the list, and its price has dropped by Rs. 410,000 to Rs. 5,269,000 from its previous price of Rs. 5,679,000.
The Corolla Altis Grande X CVT-i 1.8 (Beige Interior) with a revised price of Rs. 5,709,000 as opposed to Rs. 6,149,000 thanks to a Rs. 440,000 price decrease.
Finally, the Corolla Altis Grande X CVT-i 1.8 (Black Interior), which now costs Rs. 5,749,000 instead of Rs. 6,189,000 owing to a Rs. 440,000 price reduction.

Revised Prices of Toyota Yaris

Here is the most recent pricing for the Toyota Yaris, which has also six variants as well.

The first one is the Yaris GLI MT 1.3, whose price has decreased by Rs. 260,000 to Rs. 3,539,000 from Rs. 3,799,000.
Next is the Yaris ATIV MT 1.3, which has a new pricing of Rs. 3,729,000 as opposed to Rs. 3,999,000 thanks to a Rs. 270,000 price drop.
In third place is the Yaris GLI CVT 1.3, which price has decreased by Rs. 270,000 to Rs. 3,769,000 from Rs. 4,039,000.
The Yaris ATIV CVT 1.3 is the next model; the business decreased the price by Rs. 280,000, bringing the new price down to Rs. 3,929,000 from Rs. 4,209,000.
The Yaris ATIV X MT 1.5 new price is Rs. 4,009,000 as opposed to Rs. 4,309,000. Toyota reduced the cost by Rs 300,000.
The Yaris ATIV X CVT 1.5, which now costs Rs. 4,259,000 instead of Rs. 4,569,000 due to a reduction of Rs. 310,000.

Toyota Revo Price Change

The Toyota Revo’s new prices are as follows:

The Hilux E is the initial model, and its price has been cut by Rs. 590,000 to Rs. 8,449,000 from Rs. 9,039,000.
Next is the Hilux Revo G Manual 2.8, whose price was lowered from Rs. 9,819,000 to Rs. 9,169,000 by the manufacturer.
The price of the Hilux Revo G Automatic 2.8 has decreased by Rs. 690,000, making it currently available for Rs. 9,609,000 instead of Rs. 10,299,000.
The fourth Hilux Revo V Automatic 2.8 model is now available for Rs. 10,599,000 instead of Rs. 11,349,000. The business lowered its asking price by Rs. 750,000.
The Hilux Revo Rocco now costs Rs. 11,179,000 instead of Rs. 11,999,000. There has been a Rs. 820,000 price reduction.

New Rates of Toyota Fortuner

The Toyota Fortuner, comes last, and these are the most recent prices for Toyota Fortuner.

The Fortuner 2.7 G is the first one, and its price has been decreased by Rs. 910,000 to Rs. 11,579,000 from Rs. 12,489,000.
Fortuner 2.7 V is the next model, and its new price is Rs. 13,259,000 as opposed to Rs. 14,279,000. The cost was decreased by Rs. 1,020,000 by the company.
Fortuner 2.8 Sigma 4 is the third variant, with a revised price of Rs. 13,969,000 as opposed to 15,069,000. This implies a Rs. 1,100,000 price reduction.
Fortuner Legender, currently priced at Rs. 14,699,000. The Fortuner Legender saw a decrease of Rs. 1.140,000.

Despite the price reduction announced by Toyota IMC, the prices are still substantially higher than they were before the most recent round of price increases. Nevertheless, it is still a positive move that will probably have an impact on the local business sector.