Prices of Toyota Cars

Increase the retail prices of Toyota Corolla

The Indus Motor Company (IMC) has announced to marginally increase the retail prices of Toyota Corolla, Daihatsu Cuore and Toyota Hilux variants due to increasing utility expenses and record depreciation in rupee, which has down by 5 percnet against Japanese Yen. During the period of PPP govt. the rupee is continuously losing its values against dollar. The corrupt PPP govt. has caused a great loss to the economy and nation. Their greed is limitless. Most corrupt person of Pakistan is president of Pakistan.

According to the statement issued from IMC, prices have been increased by around 1.5 percent only on account of very steep decline in Pak Rupee against US$ and Japanese Yen which is making the imported CKD kits and local vendor parts more costly as the raw materials of vendors are also imported.
Prices on Corolla variants have increased by 20,000 rupees, Altis variants prices have increased by Rs. 30,000 whereas the price of Cuore has been increased by Rs15,000.

The new prices will be:
Toyota Corolla XLI              Rs. 1,444,000
Toyota Corolla GLI              Rs. 1,574,000
Toyota Altis AT                    Rs. 1,879,000
Toyota Altis MT                   Rs. 1,789,000
Toyota Hilux 4x4 Std.           Rs 2,489,000
Daihatsu Cuore CX             Rs 824,000
Daihatsu Cuore CX CNG    Rs 874,000

Company spokesperson, explaining the reason of price increase, said, “We have been absorbing most of the costs on account of depreciating rupee so far, however, recent decline has forced us to marginally increase our prices.”
 “Additionally, increase in unit price of electricity and gas and their load shedding is also forcing us to move to more expensive diesel fuel for electricity generation, which is also resulting in increased costs,” he added.
He said that IMC is taking up all cost reduction initiatives through localization and efficiency enhancement and is making its best efforts to keep the prices in check despite the challenging environment.

Car Sales Figures and Honda Motor is recalling more than 300,000 cars worldwide

Japan's Honda Motor is recalling more than 300,000 cars worldwide, including models of the popular Accord and Civic, because of a defect in the driver's airbag, the company said Friday.

In the worst case scenario, the gas container which inflates the airbag during an accident could break and send fragments of the safety device scattering, the company said in a statement.
The automaker will recall 304,035 units of 10 models manufactured in 2001 and 2002, it said.
Some 300,000 of the cars under recall were sold in the United States and Canada, Honda said, while the remainder were sold in Japan and other regions.
The company said it will replace the defective inflator with a new one in the recalled cars.
Honda said the latest recall was an extension of previous ones issued between 2008 and 2010, covering about 950,000 vehicles.
Japan's car giants have carried out millions of recalls in the past year and a half as they have become more proactive about dealing with faults.
Fellow Japanese automaker Toyota, previously lauded for its safety standards, became mired in crisis when it recalled nearly nine million vehicles between late 2009 and February 2010 due to brake and accelerator defects.
Japanese car sales in November rose by more than 20 percent for the second consecutive month thanks to a low comparison base from last year while South Korean carmakers saw strong growth in overseas sales more than make up for falling sales at home.

Carmakers in Japan continue to recover production after the country's March earthquake, but minimal sales growth for Honda Motor Corp illustrated the impact of recent flooding in Thailand, a major production base.

Automobile sales in Japan, excluding 660cc minivehicles, rose 24.1 percent in November from a year earlier, data from a trade association showed. October last year was the first full month after the expiration of government subsidies to replace cars older than 13 years.

Sales at top-ranked Toyota Motor Corp, excluding the Lexus brand, climbed 24.2 percent, while Nissan Motor Co saw sales rise 25.4 percent.

Honda, which was hit the hardest among Japanese carmakers by Thai floods cut production across the industry's global supply chains, saw sales rise by only 1.5 percent.

The flooding, along with a persistent strength in the Japanese yen and the ongoing global economic turmoil, are slowing the recovery of Japanese carmakers following the March 11 earthquake, analysts say.

"The yen staying strong and the drop in share prices are worsening company earnings," an official from the Japan Automobile Dealers Association told reporters. "While it is up to how things will improve from hereafter, these are among the main issues for the auto industry."

S.KOREA OVERSEAS SALES JUMP

In South Korea, Hyundai Motor Co's global sales were up 19.3 percent, while sales at its affiliate, Kia Motors Corp, rose 8.5 percent.

Overseas sales jumped 26.1 percent at Hyundai and 13.4 percent for Kia, offsetting a roughly 10 percent sales fall for both firms in the domestic market.

The duo, which together rank fifth in global car sales, are likely to continue to outperform the global market, but their earnings growth may slow in the face of rising competition and the slowing economy at home and abroad, analysts say.

A bilateral trade deal with the United States, which recently gained an approval from South Korea's parliament, will boost price competitiveness of imported vehicles in South Korea, one of the major markets for Hyundai and Kia.

In India, Maruti Suzuki, the country's top car maker, said sales in November fell 18.5 percent, as the troubled carmaker partially recovered from a 53 percent fall registered in October.

Domestic sales were down 19.2 percent as the company continues to struggle with a demand slowdown in Asia's third-largest economy caused by high interest rates and rising costs.

Maruti, 54.2 percent owned by Japan's Suzuki Motor Corp , which lost $500 million worth of production this summer due to strikes, will likely see sales fall for the year to March 2012, its chairman said last month.

US auto sales for November are expected to be the best month in more than two years, as higher incentives and better model selection drive the annualized sales rate above 13 million cars for the third consecutive month.

Deferred demand for Honda and Toyota vehicles may have boosted US sales for the month by 200,000, an analyst said, with the two Asian carmakers seen capturing a combined 23.5 percent of the market in November, up from 20 percent in October.

New Gwadar International Airport & Five flyovers and three underpasses

The under construction New Gwadar International Airport, which was due to be completed by end of 2013, would now be completed by December 2014

According to official sources here, the PC-1 of New Gwadar International Airport Project was approved in September 2008 with implementation schedule of 48 months.

The initial Site Protection Work was started in January 2009 with a planned completion time of 10 months.

However, due to law and order situation of the area and frequent interruption, extensions have been granted to the contractor. Consequently, the progress remained slow and the project schedule was affected adversely.

Presently, only 27.73 percent progress was achieved with regards to Site Protection Work by Frontier Works Organization (FWO).

The remaining works on the airside infrastructure, terminal building, cargo and allied services are at planning stage with consultant M/s NESPAK.

The sources informed that considering the uncertainty associated with the project, no definite date for completion of this project can be ascertained.

The planning of the project depends on successful launching of remaining works, provided peace and harmony prevailed in the area and subject to completion of Site Protection Work, amicable resolution of land disputes with the locals, remaining works can be planned to be completed by December.

Five flyovers and three underpasses would be built in the metropolis to remove traffic congestion and provide relief to the people.

This was decided when Chief Minister Sindh, Syed Qaim Ali Shah called on Governor Sindh, Dr. Ishratul Ebad Khan, at the Governor House here on Thursday evening.

The meeting was also attended by provincial ministers Pir Mazhar Ul Haq and Agha Siraj Durrani, Administrator Karachi, Muhammad Hussain Syed, Commissioner Karachi, Roshan Shaikh, and Principal Secretary to Governor, Mumtaz ur Rehman.

It was also decided that the work on these projects would be initiated soon under the Karachi Special Package to be funded by the provincial government.

The completion of these projects would help improve the flow of traffic at Share Faisal, Sharah-i-Pakistan, Ziauddin Ahmed Road, I.I. Chundrigar Road and main thoroughfare of North Nazimabad.

The meeting also followed up the decision taken by Prime Minister, Syed Yusuf Raza Gilani, and here on Wednesday regarding the Lyari Expressway.

It was decided that for the early completion of the project, all the concerned departments would work in a coordinated manner.

The Governor and the Chief minister expressed satisfaction over the on-going consultation regarding the matters pertaining to the local bodies system in the province.

Sindh Chief Minister Syed Qaim Ali Shah, Friday presided a high-level meeting at CM House here regarding restarting of the held-up process of giving leases to the poor residents of the province particularly in Karachi.

Speaking on the occasion, the Chief Minister said that the work of regularisation of genuine and eligible villages was previously started and was stopped due to some complaints.

He added that as such an enquiry order was issued and detailed investigation has been finalised.

Syed Qaim Ali Shah said that there are hundreds of ancient and old villages, which not only existed before creation of Pakistan but were there since many centuries.

He added that previous government had always demolished such old villages and unnecessarily harassed and harmed the inhabitants of those old villages by demolishing the same.

Sindh Chief Minister made it clear that as per policy and programme under manifesto of Pakistan Peoples Party, all such genuine and old villages are to be regularised on priority basis.

He said that the present government will provide relief to poor residents of those ancient villages by regularising those old villages while leases will be issued to those inhabitants.

Syed Qaim Ali Shah formed a committee comprising Member Allotment Committee, Lal Bux Bhutto, General Secretary PPP Karachi Division, Mir Ismail Brohi, all Deputy Commissioners of Karachi Division and officials of Board of Revenue Sindh, Gothabad Department, BOR and others, which will visit and verify the relevant villages in the light of previous reports and finalise the list within 15 days.

He warned that there should be no delay in the process of lists which should be prepared and finalised, duly signed and authenticated and submitted within fixed time schedule, that is, December 17, 2011.

Sindh Chief Minister also directed that the whole process of regularisation of villages and allotment of leases should be completed within three months.

He added that the list of 56 villages already finalised and approved be taken up early and 3,800 Sanads already prepared and awaiting decision, be distributed on priority basis.

The Chief Minister further informed that after completion of regularisation work of Karachi, the matter of regularisation of villages and issuance of leases to poor people of Hyderabad will be taken up.

Syed Qaim Ali Shah directed the participants of meeting to fully devote their attention to this noble cause so as to provide relief to poor villagers.

Earlier, provincial ministers Haji Muzaffar Shujra, Sajid Jokhio, Lal Bux Bhutto, Senior Member BOR and Deputy Commissioners West/ Malir presented their reports.

The meeting was attended among others by Sindh Ministers Nadeem Bhutto, Sajid Jokhio, Haji Muzafar Shujra, Sindh Chief Secretary Raja Muhammad Abbas, Senior Member BOR Sindh Shahzar Shamoon, Deputy Commissioners of West/ Malir Karachi, Director Gothabad, Member Gothabad, Principal Secretary to C.M. Sindh Alamuddin Bullo, General Secretary PPP Karachi Division, Mir Ismail Brohi, Lal Bux Bhutto, Saleem Salar, Noor Hasan Jokhio.