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Toyota Indus Motor Company (IMC) is actively upgrading its assembly plant to locally assemble hybrid electric vehicles (HEVs) by next year. Upon being asked about the timeline for the launch of HEVs, Toyota IMC CEO, Ali Asghar Jamali, stated that the company will launch the locally assembled Toyota Corolla Cross in 2023.
He stated that the company aims to launch its hybrid crossover SUV in a Rs. 5 to 7 million price bracket. However, given the current economic situation and the government’s plan to increase taxes on cars, Toyota IMC will reveal its final price next year.
