Indus Motor Company (IMC) has announced a major hike in the ex-factory prices of its locally assembled Toyota Corolla Cross Hybrid (HEV) variants.
According to the company, the price revision applies only to the hybrid variants following revisions in the government’s sales tax policy implemented under the Federal Budget 2026-27.
Under the new revised prices, the Corolla Cross HEV X now costs Rs10,299,000, up from Rs8,935,000, showing an increase of Rs1,364,000. Meanwhile, the Corolla Cross HEV has been priced at Rs9,849,000, compared to its previous price of Rs8,535,000 with an increase of Rs1,314,000.
The company said the increase occurred as result of the withdrawal of concessional General Sales Tax (GST) rates previously available for locally manufactured hybrid electric vehicles. With the exclusion of these tax incentives, hybrid vehicles are now subject to the standard GST structure, significantly raising its prices.
IMC said that the price increase does not affect conventional petrol-powered Corolla Cross variants, as they were not covered by the hybrid tax concessions.
According to the company, the revised prices apply to all new bookings made on or after July 1, 2026, subject to vehicle availability. The ex-factory prices include applicable Sales Tax, Federal Excise Duty (FED), Capital Value Tax (CVT), and the NEV Levy.
However, transportation charges, transit insurance, and Advance Income Tax/Withholding Tax (WHT) are not included and will be charged in other categories based on the buyer’s filer or non-filer status.
The company also clarified that the shared prices are provisional, and the final price at the time of delivery may change if there are further revisions in government taxes, duties, exchange rates, or import policies.
The sharp increase puts both hybrid variants close to or above the Rs10 million mark, making them significantly more expensive and widening the price gap between hybrid and conventional models. The latest tax changes are expected to influence buyers’ decisions, with customers weighing the higher upfront cost against the long-term fuel savings offered by hybrid vehicles.
