Mahindra Pik Up vs Toyota Hilux
Value retention, real cost and monthly money, compared on the same 2026 South African data.
The Toyota Hilux wins on money kept: 76% retained after three years vs 70%, worth about R 93 341 at trade-in time.
Both curves, one chart
Head to head
| Pik Up | Hilux | |
|---|---|---|
| New price (from) | R 279 999 | R 379 700 |
| ±Monthly instalment | R 4 894/m | R 6 637/m |
| Retained after 1 year | 84% | 87% |
| Retained after 3 years | 70% | 76% |
| Value after 3 years | R 194 947 | R 288 289 |
| Lost to depreciation (3y) | R 85 052 | R 91 411 |
| Value after 5 years | R 158 552 | R 245 282 |
| Our tier | Mainstream | Workhorse bakkie & ladder-frame SUV |
Mahindra Pik Up →
Few bakkies offer as much metal for the money as the Pik Up, on sale here since 2006 as the Scorpio Pik Up before the shorter name arrived with the 2017 update. It is regularly South Africa's best-selling Indian vehicle and undercuts a comparable Hilux or Ranger by a wide margin. Resale has firmed up as the dealer network and parts supply have grown.
Known for: most affordable proper one-ton bakkie
Toyota Hilux →
South Africa's best-selling vehicle for most of the past two decades, built locally in Durban. The range runs from basic single cab workhorses under R400k to the new ninth-generation double cabs approaching R1 million. Used Hilux values hold up better than almost anything else on the market, which keeps demand strong even for high-mileage examples.
Known for: unkillable reputation and rock-solid resale
Common questions
Which holds value better, the Mahindra Pik Up or the Toyota Hilux?
The Toyota Hilux. It keeps about 76% of its price after three years against 70% for the Mahindra Pik Up, a gap of 6 points.
Which is cheaper to own over three years?
Depreciation is the biggest ownership cost. The Mahindra Pik Up loses about R 85 052 over three years and the Toyota Hilux loses about R 91 411. Fuel, insurance and servicing can narrow or widen that, but the depreciation gap is the number to start from.
What do they cost per month?
On typical finance (10% deposit, 72 months, 11.75%), the Mahindra Pik Up runs about R 4 894 per month and the Toyota Hilux about R 6 637, before fees and insurance.
Keep going
Modelled estimates on a retail basis; spec levels and real transaction prices vary.