Indus Motor Company (IMC) has increased the prices of all Toyota vehicles in Pakistan due to the recent hike in the General Sales Tax (GST) from 18 per cent to 25 per cent by the Federal Government. The models affected by the price hike include Toyota Yaris, Toyota Corolla Altis X, Toyota Hilux Revo (IMV III), and Toyota Fortuner (IMV IV).
According to a circular released by the company, the economic uncertainties and extreme volatile situation of Pakistani rupee against US dollar have adversely impacted the cost of manufacturing for IMC. The company has therefore been compelled to pass on some impact to the market.
The government of Pakistan has also enhanced the rate of Sales Tax to 25 per cent on all CKD vehicles with an engine capacity of 1400cc and above, except for IMV-I Single Cabin.
Toyota Pakistan has stated that the mentioned car prices are subject to change and the prevailing prices at the time of delivery shall be applicable on all orders. Any change in Government levies and taxes, tariff, fiscal policies, import policies, forex, etc. will be on account of the customer.
Here are the new prices of all Toyota cars after tax hike:
Toyota Corolla Altis X latest prices
| Model | Old price (Rs) | New price (Rs) | Hike (Rs) |
| Toyota Corolla 1.6 MT | 5,576,000 | 6,169,000 | 593,000 |
| Toyota Corolla 1.6 CVT | 6,111,000 | 6,769,000 | 658,000 |
| Toyota Corolla 1.6 Special Edition | 6,716,000 | 7,429,000 | 713,000 |
| Toyota Corolla 1.8 CVT | 6,423,000 | 7,119,000 | 696,000 |
| Toyota Corolla 1.8 CVT SR | 6,998,000 | 7,759,000 | 761,000 |
| Toyota Corolla 1.8 CVT SR BLK | 7,039,000 | 7,799,000 | 760,000 |
Toyota Yaris latest prices
| Model | Old price (Rs) | New price (Rs) | Hike (Rs) |
| Toyota Yaris 1.3 GLi MT | 4,316,000 | 4,499,000 | 183,000 |
| Toyota Yaris 1.3 GLi CVT | 4,588,000 | 4,789,000 | 201,000 |
| Toyota Yaris 1.3 ATIV MT | 4,558,000 | 4,759,000 | 201,000 |
| Toyota Yaris 1.3 ATIV CVT | 4,790,000 | 4,999,000 | 209,000 |
| Toyota Yaris 1.5 ATIV X MT | 4,911,000 | 5,429,000 | 518,000 |
| Toyota Yaris 1.5 ATIV X CVT | 5,213,000 | 5,769,000 | 556,000 |
Toyota Hilux Revo latest prices
| Model | Old price (Rs) | New price (Rs) | Difference (Rs) |
| Hilux Revo STD | 10,316,000 | 11,439,000 | 1,123,000 |
| Hilux Revo G MT | 11,184,000 | 12,409,000 | 1,225,000 |
| Hilux Revo G AT | 11,728,000 | 13,019,000 | 1,291,000 |
| Hilux Revo V | 12,969,000 | 14,389,000 | 1,420,000 |
| Hilux Revo V AT ROCCO | 13,675,000 | 15,179,000 | 1,504,000 |
Toyota Fortuner latest prices
| Model | Old Price (Rs) | New Price (Rs) | Hike (Rs) |
| Toyota Fortuner G 4x2L | 14,230,000 | 15,809,000 | 1,579,000 |
| Toyota Fortuner V 4×4 | 16,297,000 | 18,099,000 | 1,802,000 |
| Toyota Fortuner Sigma | 17,175,000 | 19,079,000 | 1,900,000 |
| Toyota Fortuner Legender | 18,112,000 | 20,129,000 | 2,017,000 |
