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Toyota raises vehicle prices by as much as Rs. 2 million.

While all automakers make numerous announcements each month, price increases for cars have become an unfortunate trend in recent years. The most recent is Toyota Indus Motor Corporation (IMC), which raised the cost of both domestically and internationally produced automobiles.

The change was made, according to the corporation, as a result of the most recent general sales tax (GST) increase. As of March 10, the following pricing are in effect:

Model Old Price (Rs.) New Price (Rs.)
Increase (Rs.)
Yaris GLI MT 1.3 4,316,000 4,499,000 183,000
Yaris GLI CVT 1.3 4,588,000 4,789,000 201,000
Yaris ATIV MT 1.3 4,558,000 4,759,000 201,000
Yaris ATIV CVT 1.3 4,790,000 4,999,000 209,000
Yaris ATIV X MT 1.5 4,911,000 5,429,000 518,000
Yaris ATIV X CVT 1.5 5,213,000 5,769,000 556,000
Corolla Altis X MT 1.6 5,576,000 6,169,000 593,000
Corolla Altis 1.6 X CVT-i 6,111,000 6,769,000 658,000
Corolla Altis 1.6 X CVT-i SE 6,716,000 7,429,000 713,000
Corolla Altis 1.8 X CVT 6,423,000 7,119,000 696,000
Corolla Altis Grande X CVT-11.8 Beige 6,998,000 7,759,000 761,000
Corolla Altis Grande X CVT-i1.8 Black 7,039,000 7,759,000 760,000
Revo G MT 11,184,000 12,409,000 1,225,000
Revo G AT 11,728,000 13,019,000 1,291,000
Revo V AT 2.8 12,969,000 14,389,000 1,420,000
Revo V AT Rocco 13,675,000 15,179,000 1,540,000
Fortuner 2.7 G Petrol 14,230,000 15,809,000 1,579,000
Fortuner 2.7 V Petrol 16,297,000 18,099,000 1,802,000
Fortuner 2.8 Sigma 4 Diesel 17,175,000 19,079,000 1,904,000
Fortuner Legender Diesel 18,112,000 20,129,000 2,017,000

Sales have significantly decreased for Toyota in February 2022.

The company sold 1,803 vehicles last month, according to the most recent update from Autojounal.pk, marking the lowest sales since only 547 vehicles were sold in June 2020 as a result of COVID-19-related difficulties.

The periodic production halts and lack of fully knocked-down (CKD) kits are mentioned in the study. The State Bank of Pakistan’s (SBP) unwillingness to accept letters of credit (LCs) for the clearing of imported commodities has also been cited by the automakers.

In the upcoming weeks, the sales decline could be exacerbated by the recent price increase.

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