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Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has increased prices of its cars yet again. The hike goes as high as Rs2.017 million and the new rates will come into effect from March 10.

In a letter sent to its dealers, the company notified the increase in price and cited economic uncertainties, exchange rate issues and increase in sales tax as reasons behind its decision.

“As you are aware, economic uncertainties and the extreme volatile situation of rupee against the dollar has adversely impacted the cost of manufacturing for IMC. This situation has made it extremely difficult for IMC to hold the current indicative retail selling prices,” the company said.

In 2 weeks: Indus Motor increases Toyota car prices again as rupee’s fall bites

“We are compelled to pass on some impact to the market. Additionally, the government of Pakistan vide Statutory Regulatory Order (SRO. 297(1)/2023) dated March 8 2023, has enhanced the rate of Sales Tax to 25% on all CKD vehicles with engine capacity of 1400cc and above (with exception of IMV-I Single Cabin), under Sales Tax Act 1990.”

Following the recent price hike, Toyota’s cheapest car Yaris 1.3MT will now sell for Rs4.499 million. The car saw its price rise by Rs183,000.

Indus Motor raises Toyota car prices for a third time in 2023

The high-end Toyota Fortuner Legender became costlier by Rs2.017 million and crossed the Rs20-million mark. The new price of the variant is Rs20.129 million.

The Corolla 1.6 MT will now be sold for Rs6.169 million after a price hike of Rs593,000.

Earlier, in a letter sent to its dealers on February 14, the company raised the prices of its cars by up to Rs890,000.


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Fouzi Mar 11, 2023 07:00pm
sales tax increase is on 1400cc and above,so why car prices below that has increased, because they don't want Thier profit down
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Muhammad Zaman Khan Mar 11, 2023 08:09pm
The end less hiking tendency by the manufacturers of auto Industries in Pakistan producing old generation vehicles even without full option @ extra ordinary cost may be restricted only while the car lovers discourage and stop buying for certain period and save their money for incurring on more valuable thing to their beloved.
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Pakistani Mar 11, 2023 08:42pm
2 crore mein kya kya asakta hai
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Raza Qurashi Mar 12, 2023 02:17am
Govt nay 25%tex lagaya ha 1400cc ya upto 1400cc tu yaris 1.3 kay price increase karnay ke kya logic ha....Govt nam ke koi chez ha nahi bas awam ko bewakoof banay jao.
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Raza Qurashi Mar 12, 2023 02:18am
@Pakistani, jo tu ab halat han is ma 2crore ma kuch bhe khas nahi aa Santa.
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SAQIB NAWAZ Mar 12, 2023 07:25am
Well done
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Tulukan Mairandi Mar 12, 2023 03:48pm
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Tulukan Mairandi Mar 12, 2023 03:49pm
Please reopen Adam Motor Company. Revo was an amazing car.
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A.mateen Mar 12, 2023 05:16pm
Pakistani people is very rich they can afford at any cost
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kashif Mar 12, 2023 07:30pm
there is still huge demand for fortuner and revo .
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Aatif Khan Mar 13, 2023 03:20am
The best selling sedan of Toyota i.e Toyota Corolla Altis Grande 1.8 is not worth even 4 million rupees.......The Auto Industry must be shutdown as soon as possible......They are Benign for our economy
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Rizwan Mar 13, 2023 02:44pm
No issues at all. We'll take it as well cauz we're designed for slavery. Rights? There are things such as animal rights or human rights. We dont belong to either of these categories. We're some 'other' breed.
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abdul rehman Mar 20, 2023 11:15am
I don't think the price hike is due to downfall of rupee only. The increase in prices is far more than the devaluation effect. (I am talking about cars less than 1400 CCs). Basically there is no check and balance on car manufacturers.
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