Indus Motors Company (IMC) had previously hinted at an increase in the prices of its cars. Now that the rupee has devalued even further, the company has announced massive price increases for its Corolla, Fortuner and Hilux vehicles. This is the second time the automaker will increase its car prices after January 2018.
The increase in price will not only hit new customers, but also those who have already booked their cars with the company a few months ago.
This announcement was already made by Indus Motors Company’s Chief Executive Officer Ali Asghar Jamali during a media workshop in Muzaffarabad, Azad Kashmir. The prices weren’t announced back then, but the company has now unveiled the new prices.
Pakistani rupee has been depreciating against major currencies. The Rupee has devalued against the US Dollar, Japanese Yen, and Thailand Baht.
New Prices
Given the currency devaluation and price increase in raw materials, car prices were stated to go increase by as much as 5%. Prices for Corolla have increased by about Rs. 100,000 while others have seen a price increase of up to Rs. 375,000.
The new prices for all variants are listed below:
New Prices for Toyota Corolla Variants
| Variant | Old Price (Rupees) | New Price (Rupees) |
| XLI | 1,819,000 | 1,894,000 |
| GLI MT | 1,949,000 | 2,049,000 |
| GLI MT SE | 2,059,000 | 2,159,000 |
| GLI AT | 2,024,000 | 2,124,000 |
| Altis 1.6 | 2,199,000 | 2,274,000 |
| Altis 1.8 MT | 2,264,000 | 2,339,000 |
| Altis 1.8 CVT | 2,389,000 | 2,464,000 |
| Grande MT SR | 2,439,000 | 2,514,000 |
| Grande CVT SR | 2,589,000 | 2,664,000 |
New Prices for Hilux, Revo & Fortuner Models
| Variant | Old Price (Rupees) | New Price (Rupees) |
| Hilux Deckless | 2,219,000 | 2,319,000 |
| Hilux 4×2 | 2,469,000 | 2,569,000 |
| Hilux 4×2 (up-spec) | 2,499,000 | 2,599,000 |
| Revo G MT | 4,124,000 | 4,374,000 |
| Revo G AT | 4,349,000 | 4,599,000 |
| Revo V AT | 4,649,000 | 4,949,000 |
| Fortuner 4×2 (Petrol) | 5,549,000 | 5,849,000 |
| Fortuner 4×4 | 5,899,000 | 6,199,000 |
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