Toyota prices increased again

Despite a steep fall in sales amid plant closure, Indus Motor Company (IMC) has increased the prices of various Toyota vehicles for the second time in less than a month by Rs200,000-Rs890,000. The company said that economic uncertainties and the extremely volatile rupee have adversely impacted the cost of manufacturing, making it difficult for the company to hold the current indicative selling price thus compelling it to pass on some impact to the market. The new prices are subject to change and prices prevailing at the time of delivery shall continue to be applicable on all orders, IMC said. The new prices of Toyota Yaris 1.3 MT, 1.3 CVT, 1.3 H MT, 1.3 H CVT, 1.5 MT and 1.5 CVT are Rs4.279 million, Rs4.549m, Rs4.519m, Rs4.749m, Rs4.869m and Rs5.169m, showing a jump of Rs200,000-240,000. After a jump of Rs260,000-340,000, the new rates of Corolla 1.6 MT, 1.6 CVT, 1.6 CVT Upsspec, 1.8 CVT, 1.8 CVT SR and 1.8 CVT SR BLK are Rs5.529m, Rs6.059m, Rs6.659m, Rs6.369m, Rs6.939m and Rs6.979m.