Tag: grande
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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 announces second price hike in less than 20 days due to economic uncertainties
Toyota Indus Motor Company (IMC) has announced a second price increase for its vehicles in January 2023, following a significant depreciation of the Pakistani rupee against the US dollar. According to the company’s statement, they are facing difficulties in maintaining their current prices due to the economic uncertainties and volatility of the PKR. “This situation…
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Toyota Indus Motor Company increases car prices by up to Rs1.2 million
Toyota Indus Motor Company has announced a significant and unexpected price increase for all of its well-known models, including all variants of the Toyota Yaris, Toyota Corolla Altis, Toyota Hilux Revo, and Toyota Fortuner. The first price hike from Toyota for 2023 is already in place and will be applied to all new bookings. Following…
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Toyota IMC increases car prices up to Rs7 lac
Toyota Indus Motor Company has announced a massive price hike for Corolla and Hilux variants. The automaker blames rising manufacturing costs and the weakening rupee in a notification it has issued. Here are the new prices: Vehicle Old Invoice New Price Difference Toyota Corolla Altis 1.6 CVT Rs4,789,000 Rs4,979,000 Rs190,000 Toyota Corolla Altis 1.6 CVT…
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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…