Indus Motors Company aka Toyota Pakistan has hinted a possible price hike for its cars, including Toyota Corolla.
If so, this will be the second time in the new year of 2018, the company will increase its price to up to PKR 100,000.
It is being said that the increase in the price is influenced by many factors. However, this decision will affect car sales for both new and current customers, who have booked their cars (a couple of months ago).
The news broke out after Indus Motors Company’s Chief Executive Officer Ali Asghar Jamali, former Chairman of Pakistan Association of Automotive Parts and Accessories manufacturers Aamir Allawal, attended a media workshop held at a local hotel in Muzaffarabad, Azad Kashmir.
At the meet, they informed all those who attended that that there are various factors that influence the rise of the price of their vehicles. This includes current trends, and high costs of materials used in the manufacturing of cars; especially steel, copper, and plastic.
“All of these things contribute towards the value of a manufactured car in Pakistan. I assume that Toyota Corolla’s price could shoot up by Rs, 100,000,” Jamali
“The auto industry, on average, creates one job for every Rs 150,000 invested in the manufacture and assembly of cars. On the import of 79,000 cars, it is estimated that about 184,300 local jobs are lost. About Rs.102 billion is transferred from Pakistan via Hawala and Hundi every year,” he claimed.
