Toyota increases car prices by up to Rs600,000 following NEV Levy

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ISLAMABAD (Kashmir English): Toyota Indus Motor Company (IMC) has increased prices across its entire vehicle lineup, citing the newly imposed NEV (New Enhanced Valuation) Levy.

The revised prices, effective from July 1, show hikes ranging from Rs. 49,000 to Rs. 600,000, depending on the model.

The tax, aimed at internal combustion engine (ICE) vehicles, has pushed nearly all major carmakers, including Honda, Suzuki, and Changan, to revise their prices.

The move comes shortly after other major automakers, including Honda Atlas, Changan Pakistan, and Pakistan Suzuki Motor Company (PSMC), revised their prices in response to the same tax.

Toyota car prices hike

Toyota’s updated retail prices reflect increases ranging from Rs. 49,000 to Rs. 600,000, depending on the model and variant.

As per Toyota’s terms and conditions, all bookings made on or after July 1 will be invoiced at the new Ex-Factory Karachi Retail Selling Prices.

Model Variant Old Price (PKR) New Price (PKR) Increase (PKR)
Yaris GLI MT 1.3 4,479,000 4,649,000 170,000
ATIV MT 1.3 4,730,000 4,829,000 99,000
GLI CVT 1.3 4,760,000 4,809,000 49,000
ATIV CVT 1.3 5,604,000 5,719,000 115,000
ATIV X CVT 1.5 (Beige Interior) 6,255,000 6,389,000 134,000
ATIV X CVT 1.5 (Black Interior) 6,319,000 6,449,000 130,000
Corolla Altis Altis X Manual 1.6 5,969,000 6,099,000 130,000
Altis 1.6 X CVT-i 6,559,000 6,699,000 140,000
Altis 1.6 X CVT-i Special Edition 7,189,000 7,339,000 150,000
Altis X CVT-i 1.8 6,889,000 7,029,000 140,000
Grande X CVT-i 1.8 (Beige Interior) 7,509,000 7,669,000 160,000
Grande X CVT-i 1.8 (Black Interior) 7,549,000 7,709,000 160,000
Hilux Hilux E 11,039,000 11,379,000 340,000
Revo G 2.8 11,959,000 12,329,000 370,000
Revo G Automatic 2.8 12,549,000 12,939,000 390,000
Revo V Automatic 2.8 13,849,000 14,279,000 430,000
Revo GR-S 15,359,000 15,889,000 530,000
Fortuner 2.7 G 14,419,000 14,929,000 510,000
2.7 V 16,099,000 16,659,000 560,000
Sigma 4 17,579,000 18,169,000 590,000
Legender 18,559,000 19,129,000 570,000
GR-S 19,899,000 20,469,000 600,000
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