Toyota Announces Another Shocking Price Hike for Imported Cars
The Toyota Indus Motor Company (IMC) has elevated the prices of its CBU vehicles as Kia Motors recently did. It has issued a statement explaining that it had to pass the price hike to consumers after the recent increase in Regulatory Duty (RD) on imported CBU automobiles.
This is the second price hike by Toyota IMC after it raised the pricing of all the CBUs in January, claiming the same reason — increased RD and Federal Excise Duty (FED).
The models affected by the latest price hike include Prius, Corolla Cross, and Rush, and each vehicle has received a massive price of above Rs. 1.1 million.
Toyota has revised the prices of all the Corolla Cross variants, including the 1.8L which was previously going for Rs. 9,249,000. It will now be sold for Rs. 11,179,000 after a hike of Rs. 1,930,000.
The Smart 1.8L variant’s price has gone up by Rs. 2,090,000 and will now cost Rs. 11,959,000 as compared to its old price of Rs. 9,869,000.