Indus Motor Company (IMC) has increased the prices of its local assembled vehicles in wake of the recent depreciation of Pak Rupee against the US Dollar. According to notification, the increase in price ranges from Rs 110,000 to up to Rs 500,000 depending on the model.
Related: Another Increase in Car Prices Expected?
The revision in prices also includes the newly launched Yaris sedan which is yet to hit the local roads. With an increase of Rs 120,000 the base 1.3L GLi MT variant now cost PKR 24.69 lac, while the top-spec 1.5L Yaris AtivX CVT variant with a price bump of Rs 150,000 is now available for PKR 29.59 lac.
Toyota Corolla variants have witnessed a price hike of up to Rs 200,000 after which the flagship 1.8L Altis Grande CVT now costs PKR 38.99 lac. The least increase of Rs 110,000 has been made to the base Altis 1.6L MT which is now available for PKR 31.59 lac.
Related: Car Price Comparison: December 2017 vs January 2020
The IMV (Innovative International Multi-purpose Vehicles) which include the Hilux range of pickups and Fortuner SUV have seen a revision of up to Rs 300,000 and Rs 500,000 respectively. After this increase, the flagship Hilux Revo V now costs PKR 65.49 lac whereas the top-spec Fortuner TRD is now available for PKR 93.99 lac.
The revised prices are applicable from the 15th of April 2020. Following IMC, other assemblers are also expected to announce their price revisions soon. Want to share your thoughts on this price increase, let us know with your comments.
Someone should write IMC’s posthumous biography titled “How to commit corporate self-suicide!”.
Since your english is good, I think you should do it.
Keep Toyota Yaris in showrooms now, we shall Insha Allah go for a used Toyota Aqua instead. It is a shame that we Muslims have learned nothing from the wreckage brought down upon us by COVID-19. Our lust for money has still not diminished.
Toyota ko chahye k apni car jo mehran level ki ho us ki price bhi 2 Se 3 Cror Rs.Krni chahye carry on looting mafia big3
time for Indus motors to pack up & get lost
Not only indus motors but also Honda should pack up and get lost. Looters.
These two companies, Honda and indus motors should be banned in Pakistan as they increase their prices immediately with out knowing the ground realities. They have made their products so costly that white collar community cannot even think about to buy a new car.
totally unjustified price increase. Dollar went down by Rs 4 in just 2 days but they haven’t announced to revert it back…
یہ معاشی غنڈہ گردی ہے۔ کوئی پوچھنے والا نہیں