Overview
The most expecting moment has finally come with the great news. After the reduction in Federal Excise Duty Toyota Pakistan has reduced its car prices. In the new Auto Policy (2021-2026) government announced the reduction in FED and sales tax on locally assembled vehicles. Right after the reduction in FED, we are expecting that the car prices will cut down and can be in range to buy. Previously the prices of cars in Pakistan increase contentiously, that is the reason for low sales. Only Toyota has announced the reduction in its car prices, we are expecting that the auto manufacturers will also reduce the prices. Here is the great price reduction in Toyota announced for its cars.
Also Checkout: Auto Policy For Next Five Years Announced With Reduction In Tax
Cars That Gets Reduction In Prices
Toyota has announced the reduced in its car prices in which these below mention cars are included:
- Toyota Yaris (all variants)
- Toyota Corolla (all variants)
- Toyota Fortuner (all variants)
- Toyota Revo (all variants)
Also Checkout: Honda Denied Price Reduction Of Its Cars
Toyota Yaris
Toyota reduced the price of Yaris by up to Rs110,000/-. See below the new price of the Toyota Yaris:
| Variants | Old Prices | New Prices | Difference |
| Yaris GLI M/T 1.3 | 2,509,000 | 2,409,000 | 100,000 |
| Yaris GLI CVT 1.3 | 2,689,000 | 2,589,000 | 100,000 |
| Yaris ATIV M/T 1.3 | 2,619,000 | 2,519,000 | 100,000 |
| Yaris ATIV CVT 1.3 | 2,769,000 | 2,669,000 | 100,000 |
| Yaris ATIV X M/T 1.5 | 2,829,000 | 2,719,000 | 110,000 |
| Yaris ATIV X CVT 1.5 | 2,999,000 | 2,899,000 | 100,000 |
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Toyota Corolla
Toyota reduces prices according to the reduction in tax. Toyota Corolla prices reduce up to Rs120,000, That is a huge decrease, and can be hope to increase the sale of Corolla as compared to the previous year. Here are the new prices of Toyota Corolla variants:
| Variants | Old Prices | New Prices | Difference |
| Corolla M/T 1.6 | 3,219,000 | 3,109,000 | 110,000 |
| Corolla A/T 1.6 | 3,369,000 | 3,249,000 | 120,000 |
| Corolla CVTi 1.8 | 3,699,000 | 3,579,000 | 120,000 |
| Altis Grande CVT 1.8
Beige Interior |
3,979,000 | 3,869,000 | 110,000 |
| Altis Grande CVT 1.8
Black Interior |
3,999,000 | 3,889,000 | 110,000 |
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Toyota Fortuner
Toyota Fortuner gets a huge price reduction by up to Rs400,000. from the last couple of years price of Fortuner increase hugely that is the effect on its sale. Toyota Fortuner is the best high-power vehicle that is very reliable for off-road driving. Toyota offers three variants of Fortuner in Pakistan and the prices of all variants are reduced. Here is the huge price reduction of the Toyota Fortuner:
| Variants | Old Prices | New Prices | Difference |
| Fortuner G 2.7 | 7,999,000 | 7,649,000 | 350,000 |
| Fortuner VVTi 2.7 | 9,299,000 | 8,899,000 | 400,000 |
| Fortuner Sigma 4 | 9,649,000 | 9,269,000 | 380,000 |
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Toyota Revo
The unexpected discount in Revo is also great news for its buyers. Toyota Revo is a double cabin best performance rigged road driving vehicle. The vehicle gain popularity in Pakistan for the last few years, but the previous Auto Policy (2016-2021) announced the additional taxes on the heavy vehicle that affect the price of this vehicle. Now the price has been reduced by up to Rs120,000.
| Variants | Old Prices | New Prices | Difference |
| Hilux Revo G M/T | 6,549,000 | 6,429,000 | 110,000 |
| Hilux Revo G A/T | 6,899,000 | 6,779,000 | 120,000 |
| Hilux Revo V A/T | 7,499,000 | 7,379,000 | 120,000 |
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Conclusion
The reduction in car prices is good hope for car buyers. Cut down car prices will also encourage the production of the vehicle in Pakistan and help to grow economy. Pakistan automotive industry growing from the last few years, after government offers the foreign automakers to introduce new vehicles in Pakistan. Competitors are playing very well and introduce a variety of advanced vehicles to attract consumers, that encourage the sale.
