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:
|Variants||Old Price (Rs.)||Revised Price (Rs.)||Increase (Rs.)|
|1.3 Gli M/T||2,899,000||3,039,000||140,000|
|1.3 Gli CVT||3,109,000||3,249,000||140,000|
|1.3 ATIV M/T||3,059,000||3,209,000||150,000|
|1.3 ATIV CVT||3,229,000||3,379,000||150,000|
|1.5 ATIV X M/T||3,289,000||3,449,000||160,000|
|1.5 ATIV X CVT||3,499,000||3,659,000||160,000|
|Altis 1.6 M/T||3,749,000||3,909,000||160,000|
|Altis 1.6 A/T||3,929,000||4,099,000||170,000|
|Altis SE 1.6 A/T||4,309,000||4,509,000||200,000|
|Altis 1.8 CVT||4,299,000||4,499,000||200,000|
|Altis 1.8 Grande CVT Beige Interior||4,649,000||4,859,000||210,000|
|Altis 1.8 Grande CVT Black Interior||4,689,000||4,899,000||210,000|
|Revo G 2.8 M/T||7,659,000||7,989,000||330,000|
|Revo G 2.8 A/T||8,029,000||8,379,000||350,000|
|Revo V 2.8 A/T||8,839,000||9,229,000||390,000|
|Fortuner G A/T||9,499,000||9,959,000||460,000|
|Fortuner V A/T||10,949,000||11,459,000||510,000|
|Fortuner Sigma 4 A/T||11,489,000||12,039,000||550,000|
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.