Tag: 1.6
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‘Extreme volatile situation of Pakistani rupee’ forces Toyota to announce third price hike of 2023
Indus Motor Company (IMC), the manufacturer of Toyota vehicles in Pakistan, has increased prices for its CKD vehicles lineup by upto Rs890,000. The price hike has been attributed to “economic uncertainties and volatility of Pakistani rupee”, according to a notice sent to dealer principals, CEOs, and sales heads by the company. Below are the new…
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Toyota to temporarily suspend production in Pakistan
The impact of the current economic crisis has reportedly forced Toyota Indus Motor Company (IMC) to halt production in Pakistan. In accordance with the information, Toyota IMC will reimburse clients who paid deposits for reservations since the business is unable to complete such orders. Toyota IMC previously cited restrictions on the State Bank of Pakistan’s…
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Hyundai Pakistan launches another variant of obsolete Elantra
Hyundai-Nishat has introduced the long-awaited Elantra GL 1.6, with a hefty price tag of Rs4.3 million for the ‘base trim’. This model was predicted to compete with the Altis X 1.6, but Rs4.3 million for a base model does not seem to attract much for a car that already existed. The ‘latest sedan’ is now…