Toyota Indus Motor Company (IMC) has raised the prices of its domestically produced automobiles for the third time this year, owing to the depreciation of the local currency, rising freight charges, and material costs.
The following new pricing is effective immediately:
|Variants||Old Price (Rs.)||Revised Price (Rs.)||Increase (Rs.)|
|1.3 Gli M/T||2,899,000||3,039,000||140,000|
|1.3 Gli CVT||3,109,000||3,249,000||140,000|
|1.3 ATIV M/T||3,059,000||3,209,000||150,000|
|1.3 ATIV CVT||3,229,000||3,379,000||150,000|
|1.5 ATIV X M/T||3,289,000||3,449,000||160,000|
|1.5 ATIV X CVT||3,499,000||3,659,000||160,000|
|Altis 1.6 M/T||3,749,000||3,909,000||160,000|
|Altis 1.6 A/T||3,929,000||4,099,000||170,000|
|Altis SE 1.6 A/T||4,309,000||4,509,000||200,000|
|Altis 1.8 CVT||4,299,000||4,499,000||200,000|
|Altis 1.8 Grande CVT Beige Interior||4,649,000||4,859,000||210,000|
|Altis 1.8 Grande CVT Black Interior||4,689,000||4,899,000||210,000|
|Revo G 2.8 M/T||7,659,000||7,989,000||330,000|
|Revo G 2.8 A/T||8,029,000||8,379,000||350,000|
|Revo V 2.8 A/T||8,839,000||9,229,000||390,000|
|Fortuner G A/T||9,499,000||9,959,000||460,000|
|Fortuner V A/T||10,949,000||11,459,000||510,000|
|Fortuner Sigma 4 A/T||11,489,000||12,039,000||550,000|
For the current increase, the automaker has established the following terms and conditions:
- Those who ordered before March 20, 2022, will pay the old pricing.
- Those who ordered between March 23 and April 29 and expected delivery by June 20 will pay the old price.
- Following the price increase, those who reserve or reserve new Toyota vehicles will pay the new fee.
- Prices do not include transportation costs.
More Price Hikes Expected
Toyota IMC CEO Ali Asghar Jamali warned last month that price increases would continue owing to global logistical issues, rising freight costs, and declining local currency. Toyota IMC did, as predicted, raise the cost of its vehicles, which would likely lead other automakers to do the same.