Indus Motor Company (IMC) has increased the car prices after imposition of 25 per cent sales tax. The revised prices of Toyota vehicles have been effective from March 10, 2023.
The experts estimated a massive hike in prices of cars with capacity of 1400CC and above after imposition of sales tax rate at 25 per cent.
FBR issued the following list containing details of locally manufactured cars on which sales tax at 25 per cent will be applied.
- Locally manufactured or assembled SUVs and CUVs.
- Locally manufactured or assembled vehicles having engine capacity of 1400cc and above.
- Locally manufactured or assembled double cabin (4×4) pick-up vehicles.
Moreover, the uncertain economic situation of the country and volatile exchange rate has increased cost of production of IMC, compelling it to increase retail selling prices and pass on the burden to market.
Following are the increased prices for all variants of Toyota Yaris:
The revised price of Toyota Yaris GLI 1.3L MT has increased to Rs4,499,000 as compared to previous price tag of Rs4,316,000.
The revised price of Toyota Yaris GLI 1.3L CVT has increased to Rs4,789,000 as compared to previous price tag of Rs4,588,000.
The revised price of Toyota Yaris ATIV 1.3L MT has increased to Rs4,759,000 as compared to previous price tag of Rs4,558,000.
The revised price of Toyota Yaris ATIV 1.3L CVT has increased to Rs4,999,000 as compared to previous price tag of Rs4,790,000.
The revised price of Toyota Yaris 1.5L ATIV X MT has increased to Rs5,429,000 as compared to previous price tag of Rs4,911,000.
The revised price of Toyota Yaris 1.5L ATIV X CVT has increased to Rs5,769,000 as compared to previous price tag of Rs5,213,000.
Following are the increased prices for all variants of Toyota Corolla:
The revised price of Toyota Corolla MT 1.6 has increased to Rs6,169,000 as compared to previous price tag of Rs5,576,000.
The revised price of Toyota Corolla Altis CVT 1.6 has increased to Rs6,769,000 as compared to previous price tag of Rs6,111,000.
The revised price of Toyota Corolla Altis CVT 1.6 Special Edition has increased to Rs7,429,000 as compared to previous price tag of Rs6,716,000.
The revised price of Toyota Corolla Altis CVT-I 1.8 has increased to Rs7,119,000 as compared to previous price tag of Rs6,423,000.
The revised price of Toyota Corolla Altis Grande CVT-I 1.8 (Beige interior) has increased to Rs7,759,000 as compared to previous price tag of Rs6,998,000.
The revised price of Toyota Corolla Altis Grande CVT-I 1.8 (Black interior) has increased to Rs7,799,000 as compared to previous price tag of Rs7,039,000.
Following are the increased prices for all variants of Toyota Hilux Single Cabin:
The revised price of Hilux 4×2 is Rs7,099,000 as compared to previous price tag of Rs6,800,500.
The revised price of Hilux 4×2 UPSPEC is Rs7,129,000 as compared to previous price tag of Rs6,729,000.
The revised price of Hilux DECKLESS is Rs6,569,000 as compared to previous price tag of Rs6,295,500.
The revised price of Hilux 4×4 is Rs9,419,000 as compared to previous price tag of Rs8,998,500.
Following are the increased prices for all variants of Toyota Hilux Revo Double Cabin:
The revised price of REVO G M/T is Rs12,409,000 as compared to previous price tag of Rs11,198,500.
The revised price of REVO G AT is Rs13,019,000 as compared to previous price tag of Rs11,742,500.
The revised price of REVO V AT is Rs14,389,000 as compared to previous price tag of Rs12,969,000.
The revised price of REVO ROCCO V AT is Rs15,179,000 as compared to previous price tag of Rs13,675,000.
Following are the increased prices for all variants of Toyota Fortuner:
The revised price of Fortuner G (4×2 2TR STD Petrol) is Rs15,809,000 as compared to previous price tag of Rs14,244,500.
The revised price of Fortuner V (4×4 2TR HI Petrol) is Rs18,099,000 as compared to previous price tag of Rs16,311,500.
The revised price of Fortuner SIGMA 4 (4×4 1GD HI Diesel) is Rs19,079,000 as compared to previous price tag of Rs17,189,500.
The revised price of Fortuner Legender (4×4 2755cc Diesel) is Rs20,129,000 as compared to previous price tag of Rs18,126,500.
READ MORE: Massive increase in prices of 1400CC+ cars likely after luxury sales tax
