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.
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?