AIRLINK 59.90 Decreased By ▼ -0.80 (-1.32%)
BOP 6.22 Decreased By ▼ -0.08 (-1.27%)
CNERGY 4.65 Increased By ▲ 0.26 (5.92%)
DFML 15.98 Decreased By ▼ -0.21 (-1.3%)
DGKC 70.18 Decreased By ▼ -0.02 (-0.03%)
FCCL 17.89 Decreased By ▼ -0.13 (-0.72%)
FFBL 26.30 Decreased By ▼ -0.20 (-0.75%)
FFL 9.12 Decreased By ▼ -0.13 (-1.41%)
GGL 10.05 Decreased By ▼ -0.25 (-2.43%)
HBL 115.93 Increased By ▲ 0.93 (0.81%)
HUBC 115.75 Increased By ▲ 0.20 (0.17%)
HUMNL 6.80 Decreased By ▼ -0.28 (-3.95%)
KEL 4.89 Decreased By ▼ -0.11 (-2.2%)
KOSM 5.47 Increased By ▲ 0.02 (0.37%)
MLCF 38.80 Decreased By ▼ -0.03 (-0.08%)
OGDC 127.80 Increased By ▲ 2.19 (1.74%)
PAEL 21.60 Decreased By ▼ -0.30 (-1.37%)
PIAA 13.80 Increased By ▲ 1.00 (7.81%)
PIBTL 5.95 Decreased By ▼ -0.27 (-4.34%)
PPL 114.20 Decreased By ▼ -2.30 (-1.97%)
PRL 28.80 Increased By ▲ 0.44 (1.55%)
PTC 12.25 No Change ▼ 0.00 (0%)
SEARL 50.39 Decreased By ▼ -1.86 (-3.56%)
SNGP 66.80 Decreased By ▼ -0.90 (-1.33%)
SSGC 11.23 Decreased By ▼ -0.21 (-1.84%)
TELE 8.06 Decreased By ▼ -0.17 (-2.07%)
TPLP 11.41 Decreased By ▼ -0.21 (-1.81%)
TRG 74.33 Increased By ▲ 2.33 (3.24%)
UNITY 22.91 Decreased By ▼ -1.14 (-4.74%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 6,770 Decreased By -19.3 (-0.28%)
BR30 22,845 Decreased By -232.4 (-1.01%)
KSE100 65,726 Decreased By -225.7 (-0.34%)
KSE30 22,285 Decreased By -132.2 (-0.59%)

Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has increased prices of its cars yet again. The hike goes as high as Rs2.017 million and the new rates will come into effect from March 10.

In a letter sent to its dealers, the company notified the increase in price and cited economic uncertainties, exchange rate issues and increase in sales tax as reasons behind its decision.

“As you are aware, economic uncertainties and the extreme volatile situation of rupee against the dollar has adversely impacted the cost of manufacturing for IMC. This situation has made it extremely difficult for IMC to hold the current indicative retail selling prices,” the company said.

In 2 weeks: Indus Motor increases Toyota car prices again as rupee’s fall bites

“We are compelled to pass on some impact to the market. Additionally, the government of Pakistan vide Statutory Regulatory Order (SRO. 297(1)/2023) dated March 8 2023, has enhanced the rate of Sales Tax to 25% on all CKD vehicles with engine capacity of 1400cc and above (with exception of IMV-I Single Cabin), under Sales Tax Act 1990.”

Following the recent price hike, Toyota’s cheapest car Yaris 1.3MT will now sell for Rs4.499 million. The car saw its price rise by Rs183,000.

Indus Motor raises Toyota car prices for a third time in 2023

The high-end Toyota Fortuner Legender became costlier by Rs2.017 million and crossed the Rs20-million mark. The new price of the variant is Rs20.129 million.

The Corolla 1.6 MT will now be sold for Rs6.169 million after a price hike of Rs593,000.

Earlier, in a letter sent to its dealers on February 14, the company raised the prices of its cars by up to Rs890,000.

Comments

Comments are closed.

Fouzi Mar 11, 2023 07:00pm
sales tax increase is on 1400cc and above,so why car prices below that has increased, because they don't want Thier profit down
thumb_up Recommended (0)
Muhammad Zaman Khan Mar 11, 2023 08:09pm
The end less hiking tendency by the manufacturers of auto Industries in Pakistan producing old generation vehicles even without full option @ extra ordinary cost may be restricted only while the car lovers discourage and stop buying for certain period and save their money for incurring on more valuable thing to their beloved.
thumb_up Recommended (0)
Pakistani Mar 11, 2023 08:42pm
2 crore mein kya kya asakta hai
thumb_up Recommended (0)
Raza Qurashi Mar 12, 2023 02:17am
Govt nay 25%tex lagaya ha 1400cc ya upto 1400cc tu yaris 1.3 kay price increase karnay ke kya logic ha....Govt nam ke koi chez ha nahi bas awam ko bewakoof banay jao.
thumb_up Recommended (0)
Raza Qurashi Mar 12, 2023 02:18am
@Pakistani, jo tu ab halat han is ma 2crore ma kuch bhe khas nahi aa Santa.
thumb_up Recommended (0)
SAQIB NAWAZ Mar 12, 2023 07:25am
Well done
thumb_up Recommended (0)
Tulukan Mairandi Mar 12, 2023 03:48pm
Fantastic
thumb_up Recommended (0)
Tulukan Mairandi Mar 12, 2023 03:49pm
Please reopen Adam Motor Company. Revo was an amazing car.
thumb_up Recommended (0)
A.mateen Mar 12, 2023 05:16pm
Pakistani people is very rich they can afford at any cost
thumb_up Recommended (0)
kashif Mar 12, 2023 07:30pm
there is still huge demand for fortuner and revo .
thumb_up Recommended (0)
Aatif Khan Mar 13, 2023 03:20am
The best selling sedan of Toyota i.e Toyota Corolla Altis Grande 1.8 is not worth even 4 million rupees.......The Auto Industry must be shutdown as soon as possible......They are Benign for our economy
thumb_up Recommended (0)
Rizwan Mar 13, 2023 02:44pm
No issues at all. We'll take it as well cauz we're designed for slavery. Rights? There are things such as animal rights or human rights. We dont belong to either of these categories. We're some 'other' breed.
thumb_up Recommended (0)
abdul rehman Mar 20, 2023 11:15am
I don't think the price hike is due to downfall of rupee only. The increase in prices is far more than the devaluation effect. (I am talking about cars less than 1400 CCs). Basically there is no check and balance on car manufacturers.
thumb_up Recommended (0)