COVID-19 has turned our lives upside down. This year’s budget, that was recently announced by the government, was just fuel on the burns. The problem-over-problem routine has been disastrous for individuals and businesses.
In a recent development, Toyota Indus Motor Company (IMC) announced a massive hike in prices for its multiple cars. The increase starts at Rs 380,000. Do you have an idea of how high it goes? Rs. 4.9 Million. The raise is mostly in the prices of the car that saw a plunge in sales due to the difficult times we are in.
|
Car |
Variant | Old Price (PKR) |
New Price (PKR) |
|
Prius |
1.8L | 8,370,000 | 9,270,000 |
|
Camry |
Hybrid | 16,500,000 | 18,630,000 |
|
Coaster |
29 Seater High-Roof | 12,800,000 | 13,999,000 |
| Avanza | M/T Petrol Powered | 5,220,000 |
5,790,000 |
|
Rush |
GMT | 5,040,000 |
5,630,000 |
|
GAT |
5,220,000 |
5,840,000 |
|
|
Prado |
3.0L Turbo-Diesel M/T | 26,000,000 |
27,930,000 |
| 3.0L Turbo-Diesel A/T | 36,700,000 |
39,270,000 |
|
|
4.0L V6 Petrol A/T |
38,400,000 |
41,410,000 |
|
|
Land Cruiser |
GX 4.5L V8 M/T (Diesel) | 38,900,000 |
41,690,000 |
|
VX 4.5L V8 A/T(Diesel) |
46,500,000 | 51,370,000 | |
| VX 4.6L V8 A/T (Petrol) | 48,000,000 |
52,650,000 |
|
|
Hiace Deluxe |
Commuter Deluxe Std Roof 2.8L |
6,199,000 | 6,890,000 |
| Commuter Deluxe High Roof 2.8L | 6,999,000 |
7,850,000 |
|
|
Tourer Deluxe High Roof AT 2.8L |
7,999,000 |
8,950,000 |
|
|
Hiace |
Standard Roof (Diesel) | 5,600,000 |
6,010,000 |
|
|
Standard Roof Dual AC (Diesel) | 6,070,000 | 6,480,000 |
|
High Roof (Diesel) |
6,870,000 | 7,350,000 | |
| Standard Roof (Petrol) | 5,270,000 |
5,690,000 |
|
|
Standard Roof Dual AC (Petrol) |
5,680,000 |
6,060,000 |
|
| Mid Roof Dual AC (Petrol) | 6,190,000 |
6,620,000 |
All the consumers are taken aback by this mighty increase in prices for Toyota cars. However, these times are such that we all need to understand what brands and companies are going through. It obviously doesn’t justify the ruthless price hikes because the consumers are going through crunches as well.
We can just wait and watch what the businesses have in store for us. However, we do pray that all of these difficulties come to an end and we can go back to the normal lives we were living before COVID-19 hit us.
