Toyota Pakistan increases car prices amid rupee depreciation
The bookings with revised prices for vehicles will resume from October 17
KARACHI (Dunya News) – After assessing the situation, Indus Motor Company, the producer of Toyota branded cars in Pakistan, on Tuesday announced to increase prices of its different variants by up to Rs175,000.
The bookings with revised prices for vehicles will resume from October 17.
Customers who have paid full payment for orders of Oct/Nov will get cars on same prices as company will absorb the added cost, however, customers who have made partial payments for Oct/Nov/Dec will have to give 50 percent of added cost.
The statement said, “The recent depreciation in Pakistan Rupee’s value against dollar has resulted in substantial cost increase on account of C&F, Government Duties & Taxes, imported components and raw materials for local parts. It is extremely difficult for Indus Motor Company to hold the current retail selling prices and therefore we are compelled to pass on a part of this exchange impact to the market.”
Read More: Toyota Pakistan halts bookings amid depreciation in Pak rupee s value
For November to December, Corolla Prices have increased in the range of PKR 50,000 to 100,000 and the prices of IMV variants have been increased in the range of PKR 125,000 and 175,000
“Our policy is always to take orders on partial payments and we discourage customers to give orders on full payments.” said the statement.
