Recent rising prices have drastically changed the face of Pakistan’s automobile sector. Compact sedans, in particular, have seen significant price hikes and are now considered high-end automobiles.
Toyota Corolla was Pakistan’s best-selling car for a long period because it provided excellent value for money. However, with the new price increase, its market may fall, just as it does for its competitors. Here’s how much Corolla and its rivals’ prices have risen since August 2021 (or since launch):
| Toyota Corolla | |||
| Variants | Price in August 2021 (Rs.) | Prices in August 2022 (Rs.) | Increase (Rs.) |
| Altis 1.6 M/T | 3,109,000 | 4,899,000 | 1,790,000 |
| Altis 1.6 A/T | 3,249,000 | 5,139,000 | 1,890,000 |
| Altis SE 1.6 A/T | 3,599,000 | 5,639,000 | 2,040,000 |
| Altis 1.8 CVT | 3,579,000 | 5,679,000 | 2,100,000 |
| Altis 1.8 Grande CVT Beige Interior | 3,869,000 | 6,149,000 | 2,280,000 |
| Altis 1.8 Grande CVT Black Interior | 3,889,000 | 6,189,000 | 2,300,000 |
| Honda Civic | |||
| Civic 1.5T M-CVT | 5,099,000 | 6,799,000 | 1,700,000 |
| Civic Oriel 1.5T M-CVT | 5,399,000 | 7,099,000 | 1,700,000 |
| Civic 1.5T RS LL-CVT | 6,149,000 | 8,099,000 | 1,950,000 |
| Hyundai Elantra | |||
| 2.0 GLS | 3,899,000 | 5,499,000 | 1,600,000 |
| 1.6 GL | 4,299,000 | 5,099,000 | 800,000 |
Surprisingly, the Toyota Corolla has seen the most price rise among rivals. However, it is still the most affordable small car available right now (Altis 1.6 Manual variant).
Civic’s pricing hasn’t risen as much as Corolla’s since it was introduced earlier this year. Regardless, it remains one of Pakistan’s most costly vehicles. Civic outperforms numerous crossovers in terms of pricing, with the highest model costing Rs. 8.1 million (without taxes).
Analysts anticipate a drop in demand for all automakers as a result of rising pricing. The small car segment seems to be the worst for wear, with a starting price of about Rs. 5 million and the current economic situation.
