Tag: toyota Hilux revo

  • Toyota IMC increases car prices by up to Rs2 million due to GST hike

    Toyota IMC increases car prices by up to Rs2 million due to GST hike

    Indus Motor Company (IMC) has increased the prices of all Toyota vehicles in Pakistan due to the recent hike in the General Sales Tax (GST) from 18 per cent to 25 per cent by the Federal Government. The models affected by the price hike include Toyota Yaris, Toyota Corolla Altis X, Toyota Hilux Revo (IMV III), and Toyota Fortuner (IMV IV).

    According to a circular released by the company, the economic uncertainties and extreme volatile situation of Pakistani rupee against US dollar have adversely impacted the cost of manufacturing for IMC. The company has therefore been compelled to pass on some impact to the market.

    The government of Pakistan has also enhanced the rate of Sales Tax to 25 per cent on all CKD vehicles with an engine capacity of 1400cc and above, except for IMV-I Single Cabin.

    Toyota Pakistan has stated that the mentioned car prices are subject to change and the prevailing prices at the time of delivery shall be applicable on all orders. Any change in Government levies and taxes, tariff, fiscal policies, import policies, forex, etc. will be on account of the customer.

    Here are the new prices of all Toyota cars after tax hike:

    Toyota Corolla Altis X latest prices

    Model Old price (Rs) New price (Rs) Hike (Rs)
    Toyota Corolla 1.6 MT 5,576,000 6,169,000 593,000
    Toyota Corolla 1.6 CVT 6,111,000 6,769,000 658,000
    Toyota Corolla 1.6 Special Edition 6,716,000 7,429,000 713,000
    Toyota Corolla 1.8 CVT 6,423,000 7,119,000 696,000
    Toyota Corolla 1.8 CVT SR 6,998,000 7,759,000 761,000
    Toyota Corolla 1.8 CVT SR BLK 7,039,000 7,799,000 760,000

    Toyota Yaris latest prices

    Model Old price (Rs) New price (Rs) Hike (Rs)
    Toyota Yaris 1.3 GLi MT 4,316,000 4,499,000 183,000
    Toyota Yaris 1.3 GLi CVT 4,588,000 4,789,000 201,000
    Toyota Yaris 1.3 ATIV MT 4,558,000 4,759,000 201,000
    Toyota Yaris 1.3 ATIV CVT 4,790,000 4,999,000 209,000
    Toyota Yaris 1.5 ATIV X MT 4,911,000 5,429,000 518,000
    Toyota Yaris 1.5 ATIV X CVT 5,213,000 5,769,000 556,000

    Toyota Hilux Revo latest prices

    Model Old price (Rs) New price (Rs) Difference (Rs)
    Hilux Revo STD 10,316,000 11,439,000 1,123,000
    Hilux Revo G MT 11,184,000 12,409,000 1,225,000
    Hilux Revo G AT 11,728,000 13,019,000 1,291,000
    Hilux Revo V 12,969,000 14,389,000 1,420,000
    Hilux Revo V AT ROCCO 13,675,000 15,179,000 1,504,000

    Toyota Fortuner latest prices

    Model Old Price (Rs) New Price (Rs) Hike (Rs)
    Toyota Fortuner G 4x2L 14,230,000 15,809,000 1,579,000
    Toyota Fortuner V 4×4 16,297,000 18,099,000 1,802,000
    Toyota Fortuner Sigma 17,175,000 19,079,000 1,900,000
    Toyota Fortuner Legender 18,112,000 20,129,000 2,017,000
  • 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.

  • Toyota announces price cut for all vehicles

    Toyota announces price cut for all vehicles

    Toyota Indus Motor Company (IMC) has announced a reduction in car prices after the Pakistani rupee’s spectacular comeback against the US dollar.

    It is worth mentioning that Toyota had increased car prices up to Rs3.16 million less than two weeks ago.

    The latest car prices for Toyota’s Completely Knocked Down (CKD) units are listed below:

    Vehicle Old Price New Price Reduction
    Toyota Yaris
    Yaris 1.3 Gli M/T Rs3,799,000 Rs3,539,000 Rs260,000
    Yaris 1.3 Gli CVT Rs4,039,000 Rs3,769,000 Rs270,000
    Yaris 1.3 ATIV M/T Rs3,999,000 Rs3,729,000 Rs270,000
    Yaris 1.3 ATIV CVT Rs4,209,000 Rs3,929,000 Rs280,000
    Yaris 1.5 ATIV X M/T Rs4,309,000 Rs4,009,000 Rs300,000
    Yaris 1.5 ATIV X CVT Rs4,569,000 Rs4,259,000 Rs310,000
    Toyota Corolla
    Corolla Altis 1.6 M/T Rs4,899,000 Rs4,569,000 Rs330,000
    Corolla Altis 1.6 A/T Rs5,139,000 Rs4,789,000 Rs350,000
    Corolla Altis SE 1.6 A/T Rs5,639,000 Rs5,279,000 Rs360,000
    Corolla Altis 1.8 CVT Rs5,679,000 Rs5,269,000 Rs410,000
    Corolla Altis 1.8 Grande CVT Beige Interior Rs6,149,000 Rs5,709,000 Rs440,000
    Corolla Altis 1.8 Grande CVT Black Interior Rs6,189,000 Rs5,749,000 Rs440,000
    Toyota Hilux Revo
    Hilux Revo G 2.8 M/T Rs9,819,000 Rs9,169,000 Rs650,000
    Hilux Revo G 2.8 A/T Rs10,299,000 Rs9,609,000 Rs690,000
    Hilux Revo V 2.8 A/T Rs11,349,000 Rs10,599,000 Rs750,000
    Hilux Revo Rocco Rs11,999,000 Rs11,179,000 Rs820,000
    Toyota Fortuner
    Fortuner G A/T Rs12,489,000 Rs11,579,000 Rs910,000
    Fortuner V A/T Rs14,279,000 Rs13,259,000 Rs1,020,000
    Fortuner Sigma 4 A/T Rs15,069,000 Rs13,969,000 Rs1,100,000
    Fortuner Legender Rs15,839,000 Rs14,699,000 Rs1,140,000
    Toyota cars latest price list effective from 16 August 2022

    The automaker decreased the price of Corolla variants by Rs330,000-Rs440,000. The price of the Corolla 1.6 manual model was reduced by Rs330,000, from Rs4.899 million to Rs4.569 million. After a reduction of Rs350,000, the Corolla 1.6 automatic model is now priced at Rs4.789 million.

    Similar reductions were made in the price of Yaris variants, which were reduced between Rs260,000 and Rs310,000. The Yaris 1.5 CVT received the largest price reduction in the aforementioned category, falling by Rs310,000 to a new price of Rs4.259 million from its previous price of Rs4.569 million.

    The price of Hilux Revo was reduced between Rs650,000 to Rs820,000. While the invoice of Revo V AT Rocco dropped from Rs11.999 million to Rs11.179 million, the cost of Revo G MT reduced from Rs9.819 million to Rs9.169 million.

    Read more: Cheapest new cars to buy in Pakistan

    IMC also reduced the prices for the Fortuner models between Rs910,000 and Rs1.14 million.

    After a drop of Rs910,000, the Toyota Fortuner Lo Petrol variant is now offered for Rs11.579 million. The Fortuner Diesel Legender model witnessed a major price decrease, dropping from Rs15.839 million to Rs14.69 million.