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.