After government announced Pakistan’s new Auto Policy 2021-2026, Toyota Indus Motor Company (IMC) has reduced the prices of all local cars by up to Rs 400,000.
Toyota IMC has been the first of the automakers to publicly provide information about price reductions for its locally built vehicle lineup. The updated rates are available on the carmakers official website.
The new prices for locally built Toyota passenger vehicles are as follows:
| Vehicles | Old Price (PKR) | New Price (PKR) | Price Reduction (PKR) |
| Corolla Altis X 1.6 M/T | Rs. 3,219,000 | Rs. 3,109,000 | Rs. 110,000 |
| Corolla Altis X 1.6 CVT | Rs. 3,369,000 | Rs. 3,249,000 | Rs. 120,000 |
| Corolla Altis X 1.8 CVT | Rs. 3,699,000 | Rs. 3,579,000 | Rs. 120,000 |
| Corolla Altis Grande X 1.8 CVT-i Beige Interior | Rs. 3,979,000 | Rs. 3,869,000 | Rs. 110,000 |
| Corolla Altis Grande X 1.8 CVT-i Black Interior | Rs. 3,999,000 | Rs. 3,889,000 | Rs. 110,000 |
| Yaris GLI 1.3 M/T | Rs. 2,509,000 | Rs. 2,409,000 | Rs. 100,000 |
| Yaris ATIV 1.3 M/T | Rs. 2,619,000 | Rs. 2,519,000 | Rs. 100,000 |
| Yaris GLI 1.3 CVT | Rs. 2,689,000 | Rs. 2,589,000 | Rs. 100,000 |
| Yaris ATIV 1.3 CVT | Rs. 2,769,000 | Rs. 2,669,000 | Rs. 100,000 |
| Yaris ATIV X 1.5 M/T | Rs. 2,829,000 | Rs. 2,719,000 | Rs. 110,000 |
| Yaris ATIV X 1.5 CVT | Rs. 2,999,000 | Rs. 2,899,000 | Rs. 100,000 |
| Fortuner 2.7 G | Rs. 7,999,000 | Rs. 7,649,000 | Rs. 350,000 |
| Fortuner 2.7 VVT-i | Rs. 9,299,000 | Rs. 8,899,000 | Rs. 400,000 |
| Fortuner 2.8 Sigma 4 | Rs. 9,649,000 | Rs. 9,269,000 | Rs. 380,000 |
| Hilux Revo G M/T | Rs. 6,549,000 | Rs. 6,429,000 | Rs. 120,000 |
| Hilux Revo G A/T | Rs. 6,899,000 | Rs. 6,779,000 | Rs. 120,000 |
| Hilux Revo V A/T | Rs. 7,499,000 | Rs. 7,379,000 | Rs. 120,000 |
The revised rates have taken effect from July 1st, 2021. People have been expecting price reductions from automakers since the publication of the fiscal budget for 2021-22 and the new vehicle policy.
Read more: The all-new 2022 Toyota Land Cruiser J300 unveiled in the UAE
Toyota IMC appears to have started an eagerly anticipated wave of cut in prices.
This is excellent news for car customers across Pakistan, as well as a time of triumph for the automobile sector, as these price reductions are a symbol of positive growth for both the business and the national economy.
