Indus Motor Company (IMC), which puts together Toyota cars in Pakistan, has chosen to share the advantage of the Pakistani Rupee getting stronger against the US dollar with its customers.
The US dollar has been unstable in Pakistan for the past few months due to the severely weakened economy. As the dollar value has dropped significantly in Pakistan, many car companies have announced that they will reduce their prices. Some companies, like MG HS Essence and Kia, have lowered their car prices by up to $2,000 (PKR 500,000).
On Tuesday, the big car company shared some exciting news with customers. They’ve lowered the prices of their cars by as much as 1.3 million Rupees. These new prices will be in effect starting from October 24, 2023.
Here are the updated prices for Toyota cars:
Toyota Yaris
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Yaris 1.3 MT LO | 4,499,000 | 4,399,000 | 100,000 |
| Yaris 1.3 CVT LO | 4,789,000 | 4,689,000 | 100,000 |
| Yaris 1.3 MT Hi | 4,759,000 | 4,659,000 | 100,000 |
| Yaris 1.3 CVT Hi | 4,999,000 | 4,899,000 | 100,000 |
| Yaris 1.3 CVT Aero | 5,199,000 | 5,099,000 | 100,000 |
| Yaris 1.5 MT | 5,429,000 | 5,309,000 | 120,000 |
| Yaris 1.5 CVT | 5,769,000 | 5,649,000 | 120,000 |
| Yaris 1.5 CVT Aero | 5,969,000 | 5,849,000 | 120,000 |
Toyota Corolla
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Corolla 1.6 MT | 6,169,000 | 5,969,000 | 200,000 |
| Corolla 1.6 CVT | 6,769,000 | 6,559,000 | 200,000 |
| Corolla 1.6 CVT SR | 7,429,000 | 7,189,000 | 240,000 |
| Corolla 1.8 CVT | 7,119,000 | 6,889,000 | 230,000 |
| Corolla 1.8 CVT SR | 7,759,000 | 7,509,000 | 250,000 |
| Corolla 1.8 CVT SR BLK | 7,799,000 | 7,549,000 | 250,000 |
Toyota Hilux Revo
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Hilux E | 11,439,000 | 11,039,000 | 400,000 |
| Hilux Revo G MT | 12,409,000 | 11,959,000 | 450,000 |
| Hilux Revo GAT | 13,019,000 | 12,549,000 | 470,000 |
| Revo V AT 2.8 | 14,389,000 | 13,849,000 | 540,000 |
| Revo V At Rocco | 15,179,000 | 14,419,000 | 760,000 |
| Revo GR S | 16,149,000 | 15,359,000 | 790,000 |
Toyota Fortuner
| Variant | Old Price (Rs.) | New Price (Rs.) | Price Reduction (Rs.) |
| Fortuner 2.7 G Petrol | 15,809,000 | 14,499,000 | 1,310,000 |
| Fortuner 2.7 V Petrol | 18,099,000 | 16,999,000 | 1,100,000 |
| Fortuner 2.8 Sigma 5 Diesel | 19,079,000 | 17,999,000 | 1,080,000 |
| Fortuner Legender Diesel | 20,129,000 | 18,999,000 | 1,130,000 |
| Fortuner GRS | 21,089,000 | 19,899,000 | 1,190,000 |
Like other car makers in the country, Toyota is dealing with a shortage of cars. They’ve decided to close their factory for a month, from October 17 to November 17, 2023. It’s important to mention that despite the big improvement in the US Dollar exchange rate, the prices of their cars haven’t gone down as much as you might expect.
