Indus Motor Company, which makes Toyota vehicles in the country, has increased its vehicle prices for the third time this year. Automaker Toyota in the U.S. also said in a statement that a 25 percent tariff on automobiles would increase the cost of every vehicle sold in the United States.
The prices of Corolla XLI and XLI AT have been increased by Rs 50,000. XLI will now be sold at Rs 1.94 million while XLI AT price has been increased to Rs 2.02 million. Cost of Corolla GLI variants have been increased by Rs 100,000. The price of Corolla Altis 1.6 has been increased by Rs 100,000 while the prices of Altis 1.8 MT and CVT have been increased by Rs 150,000. Whereas, prices of Grande MT SR and Grande CVT SR have been increased by Rs 150,000 and Rs 135,000, respectively. Fortuner Diesel will be sold at a price higher by Rs 250,000. Prices of IMV variants have been increased in the range of Rs 110,000 to Rs 200,000. Fortuner High crossed the Rs 6-million and it will now be sold for Rs 6.1 million. Having said that I believe Indus Motors has cars worth buying no matter what the price is.
However, there is no official notification issued by Toyota IMC regarding implementation of new prices, but it is expected that the revised prices will be applicable from the start of the next FY 2018-19, i.e. 1st July 2018.