Toyota Pakistan cars prices increased, check out the new prices
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*ISLAMABAD - Toyota Pakistan, has hiked prices of the cars after the latest devaluation of Pakistani rupee against dollar.*
The company has decided a phased increase in retail prices ranging Rs50,000 and Rs175,000 for November – December and Rs100,000 and Rs 350,000 per unit from January 2019.
The automobile company in a statement said that the continued downward slide of Pakistani rupee has resulted in a substantial cost increase of its operations. “It is extremely difficult for IMC to hold the current retail selling prices and therefore, we are compelled to pass on a part of this exchange impact to the market,” it said.
IMC, in addition, will also be absorbing 100 percent of Retail Sales Price (RSP) increase from customers who have paid full payment and their delivery is the tentative schedule for October and November 2018.
Earlier, Toyota Indus announced that it has stopped taking orders after the recent decline in Pakistani rupee against dollar. “IMC would like to inform the general public that we have stopped our order bookings for a few days, due to the recent depreciation in Pakistani Rupee’s value, which has resulted in substantial cost increase on account of C&F, Government Duties and Taxes, imported components and raw materials for local parts,” read a notice issued by IMC.
