ISLAMABAD – Indus Motor Company, has announced to increase prices of itsdifferent cars in Pakistan by up to Rs. 175,000.
The company has resumed bookings of cars and high-end vehicles from October17.
IMC has announced revised prices for vehicles. Booking of cars will resumefrom 17th October, the company said.
Customers who have paid full payment for orders in October and Novemberwill get cars on the previous prices as the company will absorb the addedcost. However, customers who have made partial payments for October,November, and December will have to bare 50% of the added costs.
The statement said:
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“The recent depreciation in Pak Rupee’s value against dollar has resultedin substantial cost increase on account of C&F, Government Duties & Taxes,imported components and raw materials for local parts. It is extremelydifficult for IMC to hold the current retail selling prices and thereforewe are compelled to pass on a part of this exchange impact to the market.”
Corolla Prices have increased in the range of Rs. 50,000 to Rs.100,000. Theprices of IMV variants (Fortuner and Hilux) have been increased in therange of Rs. 125,000 and Rs.175,000 respectively.
