All Corolla versions saw a price hike ranging from Rs160,000 to Rs210,000.
The price of the Corolla Altis X 1.6 MT has increased by Rs160,000, bringing the ex-factory price to Rs3,909,000. The Altis X 1.6 AT’s pricing has risen by Rs170,000. Its new price is Rs4,099,000, compared to Rs3,929,000 previously.
The price of the Altix X 1.6 AT Special Edition has also increased by Rs200,000. It is currently available for Rs4,509,000. The Corolla Altis 1.8 CVT, which previously cost Rs4,299,000, will now cost Rs4,499,000, a Rs200,000 increase.
The price of the Corolla Altis 1.8 CVT SR increased by Rs210,000, bringing it to Rs4,859,000 from Rs4,649,000 previously.
Similarly, the Corolla 1.8 CVT SR (Black) was increased by Rs.210,000, bringing the price to Rs4,899,000 from Rs4,689,000.
The Toyota Fortuner SUV has seen a price increase of up to Rs 580,000. The Fortuner 2.7 G was formerly priced at Rs9,499,000, but it now costs Rs9,959,000 after a price hike of Rs460,000.
Fortuner 2.7 V costs have risen to Rs11,459,000 after a rise of Rs510,000. Fortuner 2.8 Sigma 4 has had a price rise of Rs550,000. Its new price is Rs12,039,000, compared to Rs11,489,000 previously.
Fortuner Legender, which was earlier priced at Rs12,099,000, now costs Rs12,679,000, an increase of Rs580,000.
Meanwhile, the 1.5 MT and CVT models of the Toyota Yaris have seen a price increase of up to Rs160,000.
The Rocco edition of the Revo has seen a price increase of Rs410,000, and is now priced at Rs9,729,000.
The price increase, as well as additional terms and conditions, are given below.
In the first half of the current fiscal year (July-December 2021), IMC declared a profit after tax of Rs10.17 billion, equating to Rs129.45 in earnings per share (EPS). Its profit after tax was Rs4.8 billion in the same six-month period the previous year (EPS of Rs61.08). On a quarterly basis, however, the company’s gross margins fell by 320 basis points, from 10.8 percent in July-September 2021 to 7.6 percent in October-December 2021, heightening predictions of a price rise from the automaker.