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Toyota Cars Prices Increased After 25% GST

Recently, Toyota Pakistan announced an increase in the prices of its cars by up to 5% following a 25% increase in the General Sales Tax (GST) imposed by the government. This decision has left many Toyota customers in Pakistan feeling frustrated and disappointed.

The increase in prices has affected various Toyota models, including the Corolla, Hilux, Fortuner, and Yaris. As a result, the price of the Corolla, which is considered one of the most popular cars in Pakistan, has gone up by around PKR 200,000. The Hilux, which is a popular choice for those in the commercial and industrial sectors, has also become more expensive, with a price increase of up to PKR 300,000.

Reason

The reason for this hike in prices is the government’s decision to increase the GST on all vehicles from 17% to 25%. This decision was made to generate more revenue for the government, which is facing economic challenges.

While Toyota Pakistan has stated that the increase in prices is necessary to offset the increase in taxes, customers are not happy with this decision. Many people feel that the price hike is unfair and that the government should have considered the impact it would have on the average consumer.

It is important to note that Toyota is not the only car manufacturer to increase its prices in Pakistan. Other car brands, including Honda and Suzuki, have also announced price hikes following the increase in GST. However, Toyota’s decision has received more attention due to its significant market share in Pakistan.

In conclusion, the recent increase in Toyota car prices in Pakistan has caused frustration among customers who feel that the increase is unfair. While the government’s decision to increase the GST was made to generate more revenue, it has had a negative impact on the automotive industry and consumers. It remains to be seen how the market will react to this price increase and whether other cars.

ModelNew Price PKROld Price PKR

Yaris GLI MT 1.3

4,499,000

4,316,000

Yaris GLI CVT 1.3 

4,789,000

4,588,000

Yaris ATIV MT 1.3

4,759,000

4,558,000

Yaris ATIV CVT 1.3

4,999,000

4,790,000

Yaris ATIV X MT 1.5

5,429,000

4,911,000

Yaris ATIV X CVT 1.5

5,769,000

5,213,000

Corolla Altis X MT 1.6

6,169,000

5,576,000

Corolla Altis 1.6 X CVT-i

6,769,000

6,111,000

Corolla Altis 1.6 X CVT-i SE

7,429,000

6,716,000

Corolla Altis Grande X CVT-i 1.8 Beige

7,759,000

6,998,000

Corolla Altis Grande X CVT-i 1.8 Black

7,799,000

7,039,000

Revo V AT 2.8 Revo V AT Rocco

15,179,000

13,675,000

Fortuner 2.7 G Petrol

15,809,000

14,230,000

Fortuner 2.7 V Petrol

18,099,000

16,297,000

Fortuner 2.8 Sigma 4 Diesel

19,079,000

17,175,000

Fortuner Legender Diesel

20,129,000

18,112,000

Toyota Yaris
Toyota Yaris

PKR 44.9 - 57.6 lac

COROLLA
Toyota Corolla-X new model 2023 price in Pakistan
Toyota Corolla-X

PKR 61.6 - 77.9 lac

COROLLA

Toyota Fortuner

PKR 180 - 200 lac

COROLLA