Tag: Corolla Altis X

  • Toyota IMC announces another price hike for Corolla Altis X

    Toyota IMC announces another price hike for Corolla Altis X

    Toyota Indus Motor Company has announced a hefty price hike for the Toyota Corolla Altis 1.8 CVT variant. The popular sedan from the automaker has witnessed a price increase of Rs370,000 from its earlier price tag of Rs5,269,000.

    The Altis 1.8 CVT now has a new price tag of Rs5,639,000. Earlier, the automaker also increased the price of the Altis 1.6 variants.

    The company has cited the depreciation of the local currency and ongoing economic instability as reasons for the latest price increase.

    An official statement from the automaker reads:

    The volatile situation of Forex, increase in utilities and overheads have also impacted the cost of manufacturing for IMC. Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices, and therefore, we are compelled to pass on some impact to the market.

    It is worth noting that Toyota IMC has raised car prices by up to 37 per cent since the beginning of 2022 for its cars across the board. This new price hike on top of that comes as a big surprise for Toyota lovers.

  • Ghareeb Mulk? Punjab govt spending nearly Rs100 crore on luxury cars for bureaucrats

    Ghareeb Mulk? Punjab govt spending nearly Rs100 crore on luxury cars for bureaucrats

    Several social media posts suggested that the Punjab government had approved the procurement of luxury cars worth approximately Rs100 crore for bureaucrats, but the story remained a rumour until it was validated by Geo Fact Check.

    According to a Twitter user, the Punjab government is spending Rs989 million to buy 93 vehicles from Toyota Indus Motor Company, including more than 40 Toyota Fortuner SUVs. “It is an organised crime with a very high sense of entitlement,” the user further added, sharing an alleged notification from the revenue department Punjab.

    The Board of Revenue’s headquarters in Lahore provided Geo with a copy of the official notification.

    According to the document, the Punjab assembly’s standing committee of cabinet on finance and development has instructed that Rs989 million be spent on the purchase of 93 luxury cars for provincial bureaucrats.

    40 Toyota Fortuner SUVs will be purchased for Deputy Commissioners in Punjab at a cost of Rs533,600,000.

    While 12 Corolla X vehicles will be acquired for members of the revenue board and 41 Hilux 4×4 vehicles will be distributed to extra deputy commissioners (revenue). The total cost of all 93 vehicles will be Rs989,116,000.

    The notification was sent to Indus Motors in Lahore “through Toyota Gujrat Motors,” it said.