IMC has announced an increase in prices for Toyota vehicles this year, making this the second time they have done so far.
The corporation attributed the decline to the Pakistani rupee’s decline against the US dollar. The notice further stated, “the economic uncertainties and extremely volatile situation of PKR against USD have adversely impacted the cost of manufacturing for IMC. Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices, and therefore, we are compelled to pass on some impact to the market.”
Although the increase in Toyota car pricing is unexpected, the country’s dire economic situation may lead to future increases of this nature.
New Car Prices
The indicative RSPs (ex-factory Karachi) for each CKD version are listed below. These prices are liable to change, and all orders shall be subject to the pricing in effect at the time of delivery.
The client will be responsible for any adjustments to government levies and taxes (such as FED, Sales Tax, CVT, etc.), tariffs, fiscal policies, import regulations, etc.
Toyota Yaris
Instead of the previous price of Rs. 3,819,000, the new pricing for YARIS 1.3 MT is Rs. 4,079,000.
YARIS 1.3 CVT is now available for Rs. 4,339,000.
YARIS 1.3 H MT is currently available for Rs. 4,309,000.
YARIS 1.3 H CVT is now available at Rs. 4,529,000.
YARIS 1.5 MT is now available for Rs. 4,649,000.
YARIS 1.5 CVT is now available for Rs. 4,929,000.
Toyota Corolla
New prices for the COROLLA 1.6 MT are Rs. 5,269,000 and Rs. 5,749,000, respectively.
The Corolla 1.6 CVT Upspec’s new price is now Rs. 6,319,000, and the Corolla 1.8 CVT’s is Rs. 6,069,000.
The Toyota Corolla 1.8 CVT SR and COROLLA 1.8 CVT SR BLK have new prices of Rs. 6,609,000 and Rs. 6,649,000, respectively.
Toyota Revo
The cost of every Toyota Revo model has also been adjusted. REVO G MT’s new pricing is Rs. 10,549,000, while REVO G AT’s is Rs. 11,059,000.
New prices for the REVO V AT are Rs. 12,239,000 and REVO V AT ROCCO is Rs. 12,899,000, respectively.
Toyota Fortuner
Toyota Fortuner LO PETROL’s latest price is Rs. 13,419,000, while FORTUNER HIGH PETROL’s is Rs. 15,359,000.
The new rates for the FORTUNER DIESEL and FORTUNER DIESEL LEGENDER are Rs. 16,189,000 and Rs. 17,069,000, respectively.
Terms & Conditions
- New Indicative RSP Ex-factory Karachi (Column B) will be effective on all new orders booked after 12th January 2023.
- All orders which are Good To Go (GTG) in IMC system as of 12th January 2023 with respect to IMC price circulars of 22nd March 2022, 29th April 2022 will be invoiced as per their respective price.
- All Not Good To Go (NGTG) orders in IMC system as of 13th January 2023 will be invoiced on new RSP, prevailing at the time of vehicle delivery.
- The prices are exclusive of transportation, transit insurance charges, etc. which are to be charged at applicable rates from customers.
- The above prices are provisional, and the price applicable at the time of delivery shall be final. Any impact on prices due to changes in Government levies and taxes (including FED & CVT), tariff, fiscal policies, import policies, forex, etc. will be on account of customer.
- The prices are exclusive of advance income tax/WHT which is to be charged from customers based on applicable tax rates for Filers/Non-filers under the Income Tax Ordinance.
- Orders placed by customers are governed by the partial payment terms and the terms & conditions of Provisional Booking Order Form (PBO) signed and submitted by the customer.
- The prices are Ex-factory Karachi, per unit inclusive of 17% Sales Tax, applicable FED, 1% CVT and Dealer’s Commission.
To read our blog on “IMC will release the locally built Corolla Cross in Pakistan soon,” click here.
