Recently, Indus Motor Company (IMC) announced the price hike of several of its vehicles. These vehicles include the Corolla 1.6 CVT, Corolla 1.6 CVT (Special Edition), and Toyota Hilux Revo. The price hike was up to an increase of Rs. 700,000 on the aforementioned vehicles. Following this price hike, we have revised the price of Toyota Corolla 1.8 CVT 2023. The company stated, “In addition, the uncertainties in forex fluctuations, increase in utilities and overheads have also impacted the cost of manufacturing; thus IMC is compelled to pass on some impact to the market.”
Revised Price of Corolla 1.8 CVT 2023
The company stated that the situation has been extremely difficult to keep selling at the existing price. The price hike is a result of economic uncertainties, an increase in the price of raw materials, an increase in utility bills, a decline in forex etc. The statement that IMC has presented asserted, “In addition, the volatile situation of Forex, increase in utilities and overheads have also impacted the cost of manufacturing for IMC. Thus, this situation has made it extremely difficult for IMC to hold the current retail selling prices, and therefore, we are compelled to pass on some impact to the market.”
The previous price of the Corolla Altis 1.8 CVT was Rs. 5,269,000. According to the company’s latest notification, the revised price of Toyota Corolla 1.8 CVT 2023 is Rs. 5,639,000 with an increase of Rs. 370,000. The revised prices will be implemented on all new orders from 29th November 2022.
Terms and Conditions
- If customers have booked the car on or before 28th November 2022, they are applicable to pay the previous price of Corolla 1.8 CVT. However, they must pay the full payment before 20th December 2022.
- The above-mentioned revised price does not include transportation or insurance charges.
- If there is any change in the tariffs, Forex, government levies, import policies, or fiscal policies, the customer has to pay according to the changes.
- The revised price of Toyota Corolla 1.8 CVT 2023 is an ex-factory price. So it includes 17% Sales Tax, applicable FEdD, 1% CVT, and Dealer’s Commission