{"id":5476,"date":"2022-01-20T15:22:55","date_gmt":"2022-01-20T15:22:55","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=5476"},"modified":"2022-01-20T15:22:55","modified_gmt":"2022-01-20T15:22:55","slug":"expected-new-prices-of-toyota-cars-after-the-mini-budget-2022","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/expected-new-prices-of-toyota-cars-after-the-mini-budget-2022\/","title":{"rendered":"Expected New Prices of Toyota Cars After the Mini-Budget 2022"},"content":{"rendered":"

ISLAMABAD: Following the announcement of pricing increases by Pak Suzuki Motor Company (PSMC), more companies are expected to follow suit very soon. However, PSMC\u2019s latest price rise has confirmed that the hikes are due to increased Federal Excise Duty (FED) and Sales Tax rates.<\/p>\n

The impact of these increased tariffs, which were implemented after the mini-budget was approved, is expected to be reflected in car pricing across the board. As a result, Toyota Indus Motor Company (IMC) expects the following price increases vs domestically produced cars:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Cars<\/th>\nCurrent Price (Rs.)<\/th>\nExpected Price (Rs.)<\/th>\nAbsolute Difference (Rs.)<\/th>\n% Difference<\/th>\n<\/tr>\n<\/thead>\n
Yaris GLI MT 1.3<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,549,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,611,171<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 62,171<\/td>\n0.024<\/td>\n<\/tr>\n
Yaris ATIV MT 1.3<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,679,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,744,341<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 65,341<\/td>\n0.024<\/td>\n<\/tr>\n
Yaris GLI CVT 1.3<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,749,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,816,049<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 67,049<\/td>\n0.024<\/td>\n<\/tr>\n
Yaris ATIV CVT 1.3<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,849,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,918,488<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 69,488<\/td>\n0.024<\/td>\n<\/tr>\n
Yaris ATIV XMT 1.5<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,899,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2,969,707<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 70,707<\/td>\n0.024<\/td>\n<\/tr>\n
Yaris ATIV XCVT 1.5<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,099,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,174,585<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 75,585<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla X Manual 1.6<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,299,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,379,463<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 80,463<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla Automoatic 1.6<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,449,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,533,122<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 84,122<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla X CVT-I 1.8<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,779,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,871,171<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 92,171<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla X Auto 1.6 \u2013 SE<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,779,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,871,171<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 92,171<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla Grande XCVT-I 1.8
\n\u2013 Biege<\/td>\n		\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,079,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,178,488<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 99,488<\/td>\n0.024<\/td>\n<\/tr>\n
Corolla Grande XCVT-I 1.8
\n\u2013 Black<\/td>\n		\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,099,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,198,976<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 99,976<\/td>\n0.024<\/td>\n<\/tr>\n
Hilux REVO G MT<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,789,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6,946,884<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 157,884<\/td>\n0.023<\/td>\n<\/tr>\n
Hilux REVO G AT<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,139,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,305,023<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 166,023<\/td>\n0.023<\/td>\n<\/tr>\n
Hilux REVO V AT<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,849,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,031,535<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 182,535<\/td>\n0.023<\/td>\n<\/tr>\n
Fortuner 2.7 G<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,179,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8,568,476<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 389,476<\/td>\n0.048<\/td>\n<\/tr>\n
Fortuner 2.7 V<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,489,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,940,857<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 451,857<\/td>\n0.048<\/td>\n<\/tr>\n
Fortuner 2.8 Sigma 4<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9,919,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,391,333<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 472,333<\/td>\n0.048<\/td>\n<\/tr>\n
Fortuner Legender<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,349,000<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 10,841,810<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 492,810<\/td>\n0.048<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Toyota IMC announced its most recent price rise in November 2021, owing to the huge depreciation of the Pakistani Rupee versus the US Dollar, increasing freight charges, and rising raw material costs, according to business CEO Ali Asghar Jamali.<\/p>\n

In response to the finance ministry\u2019s proposal to raise taxes on domestically produced cars in December, Jamali criticised the government\u2019s policymaking while emphasising that the automobile industry requires a concrete and long-term policy that allows for continuous expansion.<\/p>\n

The new tax rates have caused mayhem in the auto sector, generating issues for both automobile consumers and manufacturers. The mini-budget is proving to be a double-edged sword in that it reduces imports while limiting the impact on car production and sales volume.<\/p>\n

Read more:\u00a0Senate approves recommendations on ‘mini-budget’<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ISLAMABAD: Following the announcement of pricing increases by Pak Suzuki Motor Company (PSMC), more companies are expected to follow suit very soon. However, PSMC\u2019s latest price rise has confirmed that the hikes are due to increased Federal Excise Duty (FED) and Sales Tax rates. The impact of these increased tariffs, which were implemented after the […]<\/p>\n","protected":false},"author":8,"featured_media":5477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,2],"tags":[3985,3984],"class_list":["post-5476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-pakistan","tag-federal-excise-duty","tag-pak-suzuki-motor-company"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/5476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=5476"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/5476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/5477"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=5476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=5476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=5476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}