Pakistan: Indus Motor Company jacks up car prices for entire lineup
Business
The company announced increase in the range of Rs280,000-Rs1,210,000
LAHORE (Web Desk) - The Indus Motor Company -- the assembler of Toyota-brand vehicles in Pakistan -- has notified a hike in car prices across its entire lineup.
The company announced increase in the range of Rs280,000-Rs1,210,000. New RSP Ex-factory will be effective on all new orders booked after January 12, 2023.
The details released by the compay shows that the price of Corolla 1.6 CVT has been hiked from Rs4,979,000 to Rs5,369,000, an increase of Rs390,000.
Corolla 1.6 CVT upspec is now priced at Rs5,909,000 after an upward price revision of Rs430,000.
The price of Hilux Revo V AT has been jacked up by Rs830,000 to Rs11,429,000. The cost of Revo V AT Rocco has risen from Rs11,179,000 to Rs12,049,000, a surge of Rs870,000. The biggest increase was seen in the prices of the Fortuner range.
Fortuner Diesel will now be available at Rs15,099,000 after an increase of Rs1,130,000. Meanwhile, Fortuner Diesel Legender has witnessed a price hike of Rs1,210,000, and will now be available at Rs15,909,000.
The Yaris 1.3 MT has seen a price hike of Rs280,000, and is up from Rs3,539,000 to Rs3,819,000. Yaris 1.5 CVT s price has been jacked up by Rs350,000, and it would be now available at Rs4,609,000.
Indus Motor Company increases prices of some Toyota vehicles. A notification to dealers said the reasons for the price increase are higher costs in utilities and overheads.
According to the company, it has registered huge decline in sales and profits in the first quarter of FY23.
