ISLAMABAD: Indus Motor Company (IMC), following in the footsteps of Kia Pakistan and MG Motors, has announced a significant reduction in car prices in Pakistan.
In an official circular, the company has unveiled updated ex-factory prices for all its vehicles.
This price adjustment can be attributed to the recent strengthening of the Pakistani Rupee (PKR) against the US Dollar (USD), a trend that had been anticipated. Toyota Indus Motor Company (IMC) stands out as the first automaker to lower prices across its locally assembled vehicle range.
For the most up-to-date pricing information, customers are encouraged to visit Toyota IMC’s official website.
After the reduction, here are the new prices.
Yaris New Price
- The Toyota Yaris 1.3 MT LO now carries a price tag of Rs. 4,399,000, a significant reduction from its previous price of Rs. 4,499,000, marking a price decrease of Rs. 100,000.
- Likewise, the Toyota Yaris 1.3 CVT LO is now available at a new price of Rs. 4,689,000, down from its former cost of Rs. 4,789,000, reflecting a reduction of Rs. 100,000.
- The Toyota Yaris 1.3 MT Hi, after a price reduction of Rs. 100,000, has a revised price of Rs. 4,659,000, compared to its previous rate of Rs. 4,759,000.
- The Toyota Yaris 1.3 CVT Hi also underwent a price adjustment and is now priced at Rs. 4,899,000, down from its previous cost of Rs. 4,999,000, resulting in a decrease of Rs. 100,000.
- The latest addition, the Yaris 1.3 CVT Aero, has seen a similar decrease in price by Rs. 100,000 and is currently listed at Rs. 5,099,000, as opposed to its previous price of Rs. 5,199,000.
- The Toyota Yaris 1.5 MT, formerly priced at Rs. 5,429,000, now carries a new price of Rs. 5,309,000, thanks to a substantial price reduction of Rs. 120,000.
- Likewise, the Toyota Yaris 1.5 CVT is now available at Rs. 5,649,000, having previously been listed at Rs. 5,769,000, reflecting a price reduction of Rs. 120,000.
- The updated price for the Yaris 1.5 CVT Aero is now Rs. 5,849,000, down from its previous price of Rs. 5,969,000, following a price decrease of Rs. 120,000.
Corolla Revised Price
- The Toyota Corolla 1.6 MT was previously available at a price of Rs. 6,169,000 a couple of weeks ago. However, it has now been reduced by Rs. 200,000, resulting in a new price of Rs. 5,969,000.
- Similarly, the price of the Toyota Corolla 1.6 CVT has seen a significant decrease of Rs. 210,000, bringing its current price to Rs. 6,559,000, down from the previous rate of Rs. 6,769,000.
- The Toyota Corolla 1.6 CVT SR, which was previously priced at Rs. 7,429,000, has now been lowered to Rs. 7,189,000, marking a price reduction of Rs. 240,000.
- The Toyota Corolla 1.8 CVT, with an initial cost of Rs. 7,119,000, has undergone a notable price reduction of Rs. 230,000, resulting in a new price of Rs. 6,889,000.
- Similarly, the Toyota Corolla 1.8 CVT SR, previously listed at Rs. 7,759,000, now stands at a revised price of Rs. 7,509,000, following a price decrease of Rs. 250,000.
- The Toyota Corolla 1.8 CVT SR BLK, formerly priced at Rs. 7,799,000, now bears a price tag of Rs. 7,549,000, reflecting a price reduction of Rs. 250,000.
Toyota Hilux Revo
- The Toyota Hilux E, previously priced at Rs. 11,439,000, has undergone a substantial reduction of Rs. 400,000, resulting in a new price of Rs. 11,039,000.
- The Toyota Hilux Revo G, which used to have a price of Rs. 12,409,000, has now been adjusted to a lower rate of Rs. 11,959,000, reflecting a price reduction of Rs. 450,000.
- The Hilux Revo G has seen a decrease of Rs. 470,000, with its new price being Rs. 12,549,000, in contrast to the old rate of Rs. 13,019,000.
- The Toyota Revo V AT 2.8, previously listed at Rs. 14,389,000, has experienced a significant price cut of Rs. 540,000, now priced at Rs. 13,849,000.
- Similarly, the Toyota Revo V AT Rocco, which used to be priced at Rs. 15,179,000, will now be available at a reduced rate of Rs. 14,419,000, reflecting a price decrease of Rs. 760,000.
- The previous price of the Revo GR S stood at Rs. 16,149,000, but after a reduction of Rs. 790,000, its new price is Rs. 15,359,000.
New Price of Toyota Fortuner
- These new prices, which are ex-factory rates in Karachi, already include Sales Tax, relevant Federal Excise Duty (FED), a 1% charge for Central Value Tax (CVT), and dealer commissions.
- Please note that costs associated with transportation, transit insurance, and similar charges are not included and will be applied to customers at applicable rates.
- Any changes in government-imposed levies, taxes (such as FED, Sales Tax, CVT, etc.), tariff adjustments, fiscal policies, import regulations, or currency exchange rates may result in price modifications, which will be borne by the customer.
- Additionally, the prices do not cover income tax and Withholding Tax (WTH), which will be determined based on the applicable tax rates for both filers and non-filers under the Income Tax Ordinance, regardless of the delivery month.
- Customers who place orders are bound by the terms and conditions outlined in the provisional booking order form (PBO), the specified partial payment terms and conditions, payment guidelines, and the force majeure undertaking, all of which must be duly signed and submitted by the customers.
