Web Desk — Toyota Pakistan is likely to raise the prices of its fully-assembled (CBU) automobiles by Rs. 300,000 to Rs. 1.25 million today. The automaker will raise its prices for the second time in less than a month.
According to Pakwheels, the planned spike is a result of the depreciation of the Pakistani rupee, higher freight rates, and higher materials costs.
Earlier this month, Toyota raised its CBU rates to Rs. 2.28 million, effective as of 4 March. The corporation had also stated that it would pass the price increase on to its customers due to the recent increase in Regulatory Duty (RD) on imported CBUs…
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The prices of all the CBUs had already been raised to above Rs. 1.1 million. The unbelievable hike of Rs. 2.28 million was announced for Prius 1.8L, while the price of Corolla Cross was upped by Rs. 2.14 million for the premium variant.