Increase in prices of Toyota Cars by Indus Motors for the Third Time in 2022

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Increase in prices of Toyota Cars by Indus Motors for the Third Time in 2022

Toyota Indus Motor Company (IMC) has raised the price of its locally-assembled automobiles for the 3rd time in this year due to the depreciation of local currency, increasing costs for freight and materials costs.

Effective immediately, the new prices are as follows:

VariantsOld Price (Rs.)Revised Price (Rs.)Increase (Rs.)
Toyota Yaris
1.3 Gli M/T2,899,0003,039,000140,000
1.3 Gli CVT3,109,0003,249,000140,000
1.3 ATIV M/T3,059,0003,209,000150,000
1.3 ATIV CVT3,229,0003,379,000150,000
1.5 ATIV X M/T3,289,0003,449,000160,000
1.5 ATIV X CVT3,499,0003,659,000160,000
Toyota Corolla
Altis 1.6 M/T3,749,0003,909,000160,000
Altis 1.6 A/T3,929,0004,099,000170,000
Altis SE 1.6 A/T4,309,0004,509,000200,000
Altis 1.8 CVT4,299,0004,499,000200,000
Altis 1.8 Grande CVT Beige Interior4,649,0004,859,000210,000
Altis 1.8 Grande CVT Black Interior4,689,0004,899,000210,000
Toyota Hilux
Revo G 2.8 M/T7,659,0007,989,000330,000
Revo G 2.8 A/T8,029,0008,379,000350,000
Revo V 2.8 A/T8,839,0009,229,000390,000
Revo Rocco9,319,0009,729,000410,000
Toyota Fortuner
Fortuner G A/T9,499,0009,959,000460,000
Fortuner V A/T10,949,00011,459,000510,000
Fortuner Sigma 4 A/T11,489,00012,039,000550,000
Fortuner Legender12,099,00012,679,000580,000

The automaker has set out the following terms and conditions for the latest increase:

  • Customers who place their orders before March 2022 will have to pay the price of the previous year.
  • Customers who made orders between March 23 through April 29 and who are looking forward to deliveries by or on June 20th will have to pay the previous price.
  • Customers who have made reservations or plan to buy new Toyota vehicles after the price hike will be charged the higher price.
  • Prices do not include the cost of transportation.

More Price Hikes Expected

The CEO of Toyota IMC Ali Asghar Jamali has warned that because of global logistics challenges, rising freight costsand the depreciation of local currency, price increases will continue. As per his forecast, Toyota IMC did increase the cost of its cars and this will likely lead other automakers to do the same.

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