Indus Motor Company (IMC) in Pakistan has recently reduced the prices of its cars, following the lead of Kia Pakistan and MG Motors. IMC has issued a notice detailing the updated ex-factory prices for all their vehicles.
This price reduction is linked to the recent strengthening of the Pakistani Rupee (PKR) against the US Dollar (USD) in recent weeks, which was expected. Consequently, customers can now purchase Toyota cars at more affordable rates in the Pakistani market, thanks to the improved exchange rate of PKR.
The Toyota Corolla lineup has also witnessed significant price cuts. The 1.6 MT model is now priced at Rs. 5,969,000, a reduction of Rs. 200,000. The 1.6 CVT and 1.6 CVT SR have been discounted by Rs. 210,000 and Rs. 240,000, respectively, with new prices of Rs. 6,559,000 and Rs. 7,189,000. The 1.8 CVT and 1.8 CVT SR models have seen price reductions of Rs. 230,000 and Rs. 250,000, now available at Rs. 6,889,000 and Rs. 7,509,000. The 1.8 CVT SR BLK has also experienced a price drop of Rs. 250,000, with a new price of Rs. 7,549,000.
The Toyota Hilux Revo lineup has seen substantial price cuts, with the Hilux E, Revo G, and Revo G models being reduced by Rs. 400,000, Rs. 450,000, and Rs. 470,000, respectively. These models now have new prices ranging from Rs. 11,039,000 to Rs. 12,549,000. The larger Toyota Revo V AT 2.8, Revo V At Rocco, and Revo GR S models have all experienced significant reductions, ranging from Rs. 540,000 to Rs. 790,000.
The Toyota Fortuner lineup has undergone remarkable price adjustments, with reductions ranging from Rs. 1,100,000 to Rs. 1,310,000. This has made the Fortuner series more affordable, with the 2.7 G Petrol, 2.7 V Petrol, 2.8 Sigma 5 Diesel, Fortuner Legender Diesel, and Fortuner GRS models now available at new prices between Rs. 14,499,000 and Rs. 19,899,000.
Terms and Conditions:
- Provisional Prices: The mentioned prices are not final and may change. The actual price at the time of delivery will be applicable to the purchase.
- Price Components: The new prices listed are ex-factory prices in Karachi and include Sales Tax, Federal Excise Duty (FED), 1% Central Value Tax (CVT), and the dealer’s commission, making up the base price of the vehicle.
- Additional Charges: The prices do not include various extra charges, such as transportation and transit insurance, which will be separately charged to customers at applicable rates.
- Government Levies and Taxes: Any changes in government levies, taxes (including FED, Sales Tax, CVT, etc.), tariff adjustments, fiscal policies, import policies, and forex fluctuations can affect the final price, which will be borne by the customer due to the dynamic nature of economic and tax policies.
- Income Tax and Withholding Tax: The prices do not include income tax and Withholding Tax (WTH), which will be charged based on applicable tax rates, depending on the customer’s tax status as a filer or non-filer under the Income Tax Ordinance, resulting in varying tax amounts.
- Order Terms and Conditions: Customers placing orders for Toyota vehicles are obligated to follow the terms and conditions outlined in the provisional booking order form (PBO), specifying payment schedules, obligations, and other contractual details.
- Force Majeure: Customers may be required to sign and submit a force majeure undertaking, outlining responsibilities and liabilities in unforeseen events or circumstances affecting the purchase or delivery of the vehicle.
