With the success of the Hilux Toyota decided to redesign and update the truck. They added the front end that you see on the 95 Tacoma just flatter. They also took away a few engine options to only 5 gas/petrol motors and 2 diesel motors. This generation of Hilux was the last Hilix sold in the us. In 95 when the Tacoma came out the Hilux wasn't selling enough after 1995 because of the Tacoma that was released for the US/Canadian market. So in 1997 Toyota pulled the Hilux out of the US/Canadian market for good. Also to note the Tacoma is a rebadged Hilux with minor changes.

Engines:
Gas/Petrol
1.8L 2Y-U I4 (88-95) - 78hp and 100lb-ft of torque
1.8L 2Y I4 (88-95) - 82hp and 100lb-ft of torque (Export market only)
2.2L 4Y I4 (88-93) - 94hp and 135lb-ft of torque (South Africa only)
2.4L 22R-E I4 (89-97) - 113hp and 142lb-ft of torque
3.0L 3VZ-E V6 (89-95) - 150hp and 180lb-ft of torque

Diesel
2.4L 2L I4 (89-97) - 89hp and 123lb-ft of torque
2.8L 3L I4 (89-97) - 90hp and 139lb-ft of torque

They had 3 transmission options for the truck
4-speed L40 Manual
5-speed L50 Manual
3-speed A43DL Automatic