Indus Motor Company (IMC), the manufacturer of Toyota vehicles in Pakistan, has increased prices for its CKD vehicles lineup by upto Rs890,000.

The price hike has been attributed to “economic uncertainties and volatility of Pakistani rupee”, according to a notice sent to dealer principals, CEOs, and sales heads by the company.

Below are the new prices:

Variant	Old Price (Rs)	New Price (Rs)	Increase (Rs)
Yaris GLI MT 1.3	4,079,000	4,279,000	200,000
Yaris GLI CVT 1.3	4,339,000	4,549,000	210,000
Yaris ATIV MT 1.3	4,309,000	4,519,000	210,000
Yaris ATIV CVT 1.3	4,529,000	4,749,000	220,000
Yaris ATIV X MT 1.5	4,649,000	4,869,000	220,000
Yaris ATIV X CVT 1.5	4,929,000	5,169,000	220,000
Corolla Altis X MT 1.6	5,269,000	5,529,000	260,000
Corolla Altis 1.6 X CVT-i	5,749,000	6,059,000	310,000
Corolla Altis 1.6 X CVT-i SE	6,319,000	6,659,000	340,000
Corolla Altis Grande X CVT-11.8 Beige	6,609,000	6,939,000	330,000
Corolla Altis Grande X CVT-i1.8 Black	6,649,000	6,979,000	330,000
Revo V AT 2.8	12,239,000	12,859,000	620,000
Revo V AT Rocco	12,899,000	13,559,000	659,100
Fortuner 2.7 G Petrol	13,419,000	14,109,000	690,000
Fortuner 2.7 V Petrol	15,359,000	16,159,000	800,000
Fortuner 2.8 Sigma 4 Diesel	16,189,000	17,029,000	840,000
Fortuner Legender Diesel	17,069,000	17,959,000	890,000

The notice explained that the current volatile situation of Pakistani rupee against the US dollar has adversely affected the manufacturing cost of IMC, making it extremely difficult for the company to hold the current indicative retail selling prices.

Hence, the company has decided to pass on some impact to the market. The notification stated that the prices are subject to change and prices prevailing at the time of delivery shall continue to be applicable on all orders.

Any change in government levies and taxes (including federal excise duty, sales tax, and CVT, etc), tariffs, fiscal policies, import policies, etc., will be borne by the customers. This is the third time since January 2023 that the company has raised the prices of its CKD vehicles lineup.

The first price hike was introduced on January 12, followed by another price increase later last month. The auto industry has been significantly impacted in recent months, with companies shutting down production plants due to the unavailability of imported raw materials and restrictions imposed by the government to curb imports.