Tag: Indus Motors

KARACHI: Toyota Motors has announced new reduced rates of its cars in Pakistan on Tuesday, which are applicable from August 16, 2022.

According to Toyota Port Qasim Motors, the following are new ex-showroom Khi prices inclusive of current CVT plus Freight and Transit Insurance.

Following are the new rates for all variants of Toyota Yaris:

1. Toyota Yaris GLI MT 1.3L, the decreased price is Rs3,550,500.
2. Toyota Yaris GLI CVT 1.3L, the decreased price is Rs3,780,500.
3. Toyota Yaris ATIV MT 1.3L, the decreased price is Rs3,740,500.
4. Toyota Yaris ATIV CVT 1.3L, the decreased price is Rs3,940,500.
5. Toyota Yaris ATIV X MT 1.5L, the decreased price is Rs4,020,500.
6. Toyota Yaris ATIV X CVT 1.5L, the decreased price is Rs4,270,500.

READ MORE: Previous prices of Toyota Cars in Pakistan

Following are new rates for all variants of Toyota Corolla X:

1. Toyota Corolla ALTIS MT 1.6L, the decreased price is Rs4,980,500.
2. Toyota Corolla ALTIS AT 1.6L, the decreased price is Rs4,800,500.
3. Toyota Corolla ALTIS AT 1.6L Special Edition, the decreased price is Rs5,290,500.
4. Toyota Corolla ALTIS CVT 1.8L, the decreased price is 5,280,500.
5. Toyota Corolla Grande CVT 1.8L (Beige interior), the decreased price is Rs5,720,500.
6. Toyota Corolla Grande CVT 1.8L (Black interior), the decreased price is Rs5,760,500.

Following are new rates of all variants of Toyota Fortuner:

1. Toyota Fortuner G 4*2 AT 2.7LO (petrol), the decreased price is Rs11,590,500.
2. Toyota Fortuner V4*4 AT 2.7L HI (petrol) New, the decreased price is Rs13,800,500.
3. Toyota Fortuner SIGMA 4*4 2.8L (diesel), the decreased price is Rs13,982,500.
4. Toyota Fortuner 4*4 Legender (2755cc diesel), the decreased price is Rs14,712,500.

READ MORE: Toyota Indus Motors announces plant shutdown

Following are new rates of all variants Toyota Hilux Double Cabin 4*4 (diesel):

1. Toyota Hilux D/C STD, the decreased price is Rs8,462,500.
2. Toyota Revo G MT, the decreased price is Rs9,182,500.
3. Toyota Revo G AT, the decreased price is Rs9,622,500.
4. Toyota Revo V AT, the decreased price is Rs10,612,500.
5. Toyota Revo 4*4 Rocco (2755cc diesel), the decreased price is Rs11,192,500.

Following are new rates of all variants Toyota Hilux Single Cabin:

1. Toyota Hilux S/C Deckless, the decreased price is Rs5,171,500.
2. Toyota Hilux S/C 4*2 STD, the decreased price is Rs5,571,500.
3. Toyota Hilux S/C 4*4 STD, the decreased price is Rs7,351,500.

READ MORE: Toyota Indus Motors offers 100% refunds on booking cancellation

Following are new rates of all variants of Toyota Cross Hybrid:

1. Toyota Cross 1.8L Low, the decreased price is Rs11,188,000.
2. Toyota Cross 1.8L Smart, the decreased price is Rs11,968,000.
3. Toyota Cross 1.8L Premium, the decreased price is Rs12,258,000.

KARACHI: Toyota Motors has announced new rates of its cars in Pakistan, which are applicable from July 29, 2022.

According to Toyota Port Qasim Motors, the following are new ex-showroom indicative rates for both filers of income tax return non-filers:

READ MORE: Toyota Indus Motors announces plant shutdown

Following are the new indicative rates for all variants of Toyota Yaris:

1. Toyota Yaris GLI 1.3 MT (1329CC): for filers Rs3,860,500; for non-filers Rs3,960,500.
2. Toyota Yaris GLI 1.3L CVT: for filers 4,100,500; for non-filers 4,200,500.
3. Toyota Yaris ATIV 1.3L MT: for filers 4,060,500; for non-filers 4,160,500.
4. Toyota Yaris ATIV 1.3L CVT: for filers 4,270,500; for non-filers 4,370,500.
5. Toyota Yaris ATIVX 1.5L MT (1496 CC): for filers 4,370,500; for non-filers 4,470,500.
6. Toyota Yaris ATIVX 1.5L CVT: for filers 4,630,500; for non-filers 4,730,500.

READ MORE: Toyota Indus Motors offers 100% refunds on booking cancellation

Following are the new indicative rates for all variants of Toyota Corolla:

1. Corolla ALTIS MT 1.6L: for filers 4,960,500; for non-filers 5,060,500.
2. Corolla ALTIS AT 1.6L: for filers 5,200,500; for non-filers 5,300,500.
3. Corolla ALTIS AT 1.6L (Special Edition): for filers 5,700,500; for non-filers 5,800,500.
4. Corolla ALTIS CVT 1.8L: for filers 5,840,500; for non-filers 6,140,500.
5. Corolla ALTIS GRANDE CVT 1.8L (Beige interior): for filers 6,310,500; for non-filers 6,610,500.
6. Corolla ALTIS GRANDE CVT 1.8L (Black interior): for filers 6,350,500; for non-filers 6,650,500.

READ MORE: Toyota lowers July production in Japan

Following are the new indicative rates for all variants of Toyota Hilux Single Cabin:

1. 4×2 Single Cabin STD: for filers 6,271,500; for non-filers 6,871,500.
2. 4x2S/CDE CKLESS: for filers 5,841,500; for non-filers 6,441,500.
3. 4×4 S/C STD: for filers 8,291,500; for non-filers 9,091,500.

Following are the new indicative rates for all variants of Toyota Hilux Revo Double Cabin:

1. 4×4-D/CSTD E MT: for filers 9,452,500; for non-filers 10,252,500.
2. 4×4 REVO G M/T: for filers 10,232,500; for non-filers 11,032,500.
3. 4×4 REVO G A/T: for filers 10,712,500; for non-filers 11,512,500.
4. 4×4 REVO V A/T: for filers 11,762,500; for non-filers 12,562,500.
5. 4×4 ROCCO V A/T: for filers 12,412,500; for non-filers 13,212,500.

READ MORE: Indus Motors rebuts plant shutdown reports

Following are the new indicative rates for all variants of Toyota Fortuner:

1. Fortuner G 4×2 STD 2.7L AT (Petrol): for filers 12,902,500; for non-filers 13,702,500.
2. Fortuner V 4×4 2.7L ATHI (Petrol): for filers 14,692,500 for non-filers 15,492,500.
3. Fortuner (S4) 4×4 AT 2.8L (Diesel): for filers 15,482,500; for non-filers 16,282,500.
4. Fortuner Legender (S4) 4×4 AT 2.8L (Diesel): for filers 16,252,500; for non-filers 17,052,500.

KARACHI: Indus Motors Company Limited, the manufacturer of Toyota cars in Pakistan, on Friday announced to temporary shutdown of its plant.

In a communication sent to Pakistan Stock Exchange (PSX), the company said that due to unforeseen devaluation of the Pakistani Rupee, coupled with the Government restrictions, including the LC approval constraints rendering it impossible to import CKD kits without prior permission, and the continuing economic instability, the company is facing hurdles in import of CKD kits and components which is adversely affecting the supply chain and production activities.

READ MORE: Toyota Indus Motors offers 100% refunds on booking cancellation

“The aforesaid delay and unforeseen factors have resulted in insufficient inventory levels as would be required to maintain further production. The situation is forcing the company towards a temporary production to shutdown and closure of the company’s plant.”

In the light of above, the company on July 29, 2022 decided to temporarily shut down its production plant from August 01, 2022 to August 13, 2022.

Previously the company said that the auto sector is facing unprecedented difficulties in its operations due to ongoing economic challenges and factors beyond the control of automobiles manufacturers.

READ MORE: Toyota lowers July production in Japan

The company further added that “the unprecedented devaluation of Pakistan Rupee (PKR), coupled with restrictions imposed by the State Bank of Pakistan (SBP) regarding prior LC approval for Completely Knocked Down (CKD) imports and continuing financing instability has radically impacted the auto industry.”

The company clarified that as of July 27, 2022, there were no plans fixed for complete plant shutdown for more than two weeks in the month of August 2022.

In a statement issued by the company on July 27, 2022, the company stated that taking the economic challenges and uncertainty into consideration, customers who wish to cancel their order bookings will be refunded 100 per cent of the deposited amount along with a mark-up payment.

READ MORE: Indus Motors rebuts plant shutdown reports

Mark-up shall be paid from the date of receipt of payment by the Company to the date of cancellation of the order, without any deduction of administrative charges.

In light of this uncertainty, the tentative delivery timelines mentioned in the PBO for pending orders are being provisionally pushed back by at least 3 months. The price prevailing at the time of delivery shall continue to be applicable.

KARACHI: Toyota Indus Motors on Wednesday announced to refund 100 per cent amount and mark-up on booking cancellation.

In a statement issued by Indus Motor Company, the company said that it is facing unprecedented difficulties in its operations due to factors beyond the Company’s control.

The company further stated that we will continue to do our utmost to facilitate and support our customers during these difficult times.

READ MORE: Toyota lowers July production in Japan

Taking the economic challenges and uncertainty into consideration, customers who wish to cancel their order bookings will be refunded 100 per cent of the deposited amount along with a mark-up payment.

Mark-up shall be paid from the date of receipt of payment by the Company to the date of cancellation of the order, without any deduction of administrative charges.

In light of this uncertainty, the tentative delivery timelines mentioned in the PBO for pending orders are being provisionally pushed back by at least 3 months. The price prevailing at the time of delivery shall continue to be applicable.

READ MORE: Indus Motors rebuts plant shutdown reports

We extend our sincere apologies to all the customers who are facing delays with their orders due to these unforeseen circumstances and would like to reassure our valued customers that we are working closely with the Government and the regulatory authorities to minimize the delay as much as possible.

The unforeseen devaluation of the Pakistani Rupee, coupled with the Government restrictions, including the LC approval constraints rendering it impossible to import CKD kits without prior permission, and the continuing financial instability have led to a force majeure situation.

Due to the current conditions, IMC’s production has been radically disrupted and we are unable to produce the requisite units as per full capacity, resulting in the delay in tentative delivery schedules.

We are presently unable to foresee how long these and other external factors will persist, and cannot rule out the possibility of disruptions to manufacturing in the near future.

READ MORE: COVID-19 cases reported at Toyota work sites