Toyota Indus Motor Company (IMC) has increased Toyota Hilux 2020 Prices specifically for its double cabin variants following the approval of the new fiscal budget 2020-21.
Under this new budget the Government has imposed a 7.5 percent FED on locally manufactured double cabin cars along with a 25 percent FED on double cabin imported cars hence leading to a Toyota Hilux 2020 prices being increased by IMC.
These new prices will take effect from 1 July 2020.
New Toyota Hilux 2020 Prices:
|Variant||Current Price (PKR)||New Price (PKR)||Increase (PKR)|
|IMV III STD||5,499,000||5,912,000||413,000|
|REVO G MT||5,899,000||6,342,000||443,000|
|REVO G AT||6,199,000||6,664,000||465,000|
|REVO V AT||6,549,000||7,041,000||492,000|
Prices of other vehicles are also expected to increase as we have already seen motorcycle prices go up following the devaluation of the Pakistani rupee against the dollar.
Similarly, because of the increase in the US dollar price, it is expected that we will soon see a price hike by Honda, Suzuki and Toyota for all their vehicles.
Previously Toyota Indus Motor Company (IMC) had increased prices for its cars back in April.