Toyota Pakistan increases prices of its cars again! 29 April 2022

It seems Toyota Indus Motors cannot survive without increasing the prices of their cars every other month. Toyota Pakistan has once again dropped a price bomb on the people and here are the updated prices of three of Toyota models.

Existing Price – PKR Increase – PKR New Price – PKR
Corolla Altis X Manual 1.6 3,749,000 160,000 3,909,000
Corolla Altis X Automatic 1.6 3,929,000 170,000 4,099,000
Corolla Altis X Automatic 1.6 Special Edition (SE) 4,309,000 200,000 4,509,000
Corolla Altis X CVT-i 1.8 4,299,000 200,000 4,499,000
Corolla Altis Grande X CVT-i 1.8 (Beige Interior) 4,649,000 210,000 4,859,000
Corolla Altis Grande X CVT-i 1.8 (Black Interior) 4,689,000 210,000 4,899,000
Fortuner 2.7 G 9,499,000 460,000 9,959,000
Fortuner 2.7 V 10,949,000 510,000 11,459,000
Fortuner 2.8 Sigma 4 11,489,000 550,000 12,039,000
Fortuner Legender D 12,099,000 580,000 12,679,000
Yaris GLI Manual 1.3 2,899,000 140,000 3,039,000
Yaris ATIV Manual 1.3 3,059,000 150,000 3,209,000
Yaris GLI CVT 1.3 3,109,000 140,000 3,249,000
Yaris ATIV CVT 1.3 3,229,000 150,000 3,379,000
Yaris ATIV X Manual 1.5 3,289,000 160,000 3,449,000
Yaris ATIV X CVT 1.5 3,499,000 160,000 3,659,000

The prices are effective from 30th April 2022. Previous prices will apply on all orders booked before March 23, 2022. Prices are exclusive of destination-wise freight charges. 

This is like a second price hike in just over a month’s time. And as always, the company has blamed the depreciating Pakistani rupee for the price increase.

Chery Pakistan officially launches Tiggo 4 Pro and Tiggo 8 Pro

Toyota only recently posted some hefty profit margin numbers for these nine months of fiscal year 2022. According to the financial reports submitted to PSX, the company posted a profit of Rs. 15.29 billion. In the same duration of previous fiscal year, the automaker posted profit of Rs. 8.45 billion, making this year’s profit an increase of impressive 82 pc. The net sales for these nine months went from Rs.131.16 billion last year to Rs. 203.40 billion this year; a 55 pc increase.

The company also celebrated selling 7,132 cars in the month of March 2022, the highest number of cars sold by the company since its inception.

Let us know what you think of the price hike, and will you still be opting for Toyota cars with all the other Chinese options in the market?

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