Tag: Toyota

  • Indus Motors to increase car prices to pass cost impact

    Indus Motors to increase car prices to pass cost impact

    KARACHI: Indus Motors, the maker of Toyota cars in Pakistan, is likely to increase prices to pass on the cost impact to consumers.

    The company management said in corporate briefing session on Tuesday.

    READ MORE: PSMC offers free WagonR registration amid sales slump

    Regarding car prices, management informed that company has to increase price to pass cost impact to consumers as current car prices are not sustainable at exchange rate of over Rs230. They highlighted, current car prices are set at dollar rate of around Rs210-215, according to analysts at Topline Securities.

    The company conducted the briefing to discuss its FY22 financial results and company outlook.

    Company expect at-least 40 per cent decline in volumetric sales in FY23 amid higher car prices, hike in interest rates, strict auto financing rules, recent floods and restriction on Completely CKD imports.

    READ MORE: Toyota stops car production in Russia

    To note, INDU is currently running at production capacity of around 40 per cent-45 per cent, the analysts added.

    To note, at the current production level i.e. 40-45 per cent, INDU’s order book is filled for next 4 months. 

    Pakistan car sales increased by 51 per cent YoY to 379,350 units in FY22 out of which INDU car sales clocked in at 75,611 units, up 31 per cent YoY. Used car imports clocked in at 28,122 units in FY22, up from 21,239 units in FY21.

    READ MORE: Ferrari launches its first ever four-door car

    Management stated that higher FED and Sales Tax from Jan-2022 along with 1 per cent CVT on 1300cc+ from Jul-2022 and increase in Advance Income Tax has also led to higher vehicle prices.

    With regards to recently announced refund policy, management informed that around 800-1,000 clients cancelled their booking and got their cash back along with interest amount. 

    Investment plan of US$100 million for local production of HEV vehicles is on track; where company is expected to launch its variant next year in 2023.

    READ MORE: Ford unveils seventh generation of Mustang

    Net sales in FY22 increased by 54 per cent to Rs276 billion from Rs179 billion in FY21 while profit after tax only increased by 23 per cent YoY to Rs15.8 billion from Rs12.8 billion due to rupee devaluation against US dollar and imposition of super tax.

    Gross margins declined to 6.7 per cent in FY22 from 9.3 per cent in FY21 primarily on account of rupee devaluation against US dollar, increased freight charges and higher commodity prices.

    To note, these are lowest margins in last 10-Years. Management highlighted that gross margins will remain depressed in FY23.

  • Toyota stops car production in Russia

    Toyota stops car production in Russia

    Toyota on Friday decided to end car manufacturing at its Saint Petersburg plant in Russia.

    The company decided to end manufacture operation due to the interruption in supply of key materials and parts. Since then, the company have been closely monitoring the situation and evaluating the future sustainability of our business in Russia.

    During this period the company have fully retained our workforce and ensured our facility was ready to re-start production if the circumstances allowed. However, after six months, the company has not been able to resume normal activities and see no indication that the company can re-start in the future.

    The decision to terminate production of Toyota vehicles in Russia is not one that the company has taken lightly. Over the last 80 years the company has developed business and our brand with the support of stakeholders around the world.

    READ MORE: Honda to launch more than 10 electric motorcycles in 2025

    The company must now act in a way that allows us to protect the values and principles that our predecessors built up and be confident that the company can pass them on to the next generation.

    The company has also determined that our operations in Moscow need to be optimized and restructured―with the clear objective of retaining an effective organization to continue supporting the retail network in providing ongoing service to existing Toyota and Lexus customers in Russia.

    The company would like to thank our employees for their hard work and loyalty. In recognition of their valued contribution, the company will be offering them assistance for re-employment, re-skilling and well-being, including financial support above legal requirements.

  • Indus Motor halts production of Toyota vehicles in Pakistan

    Indus Motor halts production of Toyota vehicles in Pakistan

    KARACHI: Indus Motor Company Limited on Tuesday announced to temporary halt its production of Toyota vehicles in Pakistan.

    Indus Motor is the manufacturer of Toyota cars in Pakistan.

    “The company has decided to temporarily shut down its production plant from September 01 to 16, 2022,” the company said in a communication sent to the Pakistan Stock Exchange (PSX).

    READ MORE: Toyota Indus Motors announces plant shutdown

    “However, in case of any change in production plan due to approvals is being sought, the same will be communicated accordingly,” it added.

    Indus Motor said that the State Bank of Pakistan (SBP) had introduced a mechanism through Circular No. 09 of 2022 on May 20, 2022, for obtaining prior approval for import of CKD kits and components of passengers cars (HS Code 8703 category) for the auto sector.

    “The delay in aforesaid approvals has created hurdles in clearance of import consignments of the company, resulting in significant reduction in inventory levels and consequently, creating adverse impact on the supply chain and production activities,” it added.

    The company said that due to insufficient inventory levels to maintain production, the company has decided to temporarily halt its production activities.

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

    Previously on July 29, 2022 the company in another communication sent to PSX stated 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.

    “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.”

    READ MORE: Toyota lowers July production in Japan

    “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,” according to previous announcement.

    The company in a report 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: Indus Motors rebuts plant shutdown reports

    The company further added: “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.”

  • Japanese regulator expels Hino on certification testing misconduct

    Japanese regulator expels Hino on certification testing misconduct

    JAPAN: Commercial Japan Partnership Technologies Corporation (CJPT) on Wednesday announced its decision to expel Hino Motors, Ltd on misconduct concerning certification testing.

    Since its establishment in April 2021, CJPT has been working in the field with its partners to accelerate the spread of CASE, thereby aiming to contribute in achieving a carbon neutral society and reducing the burden on drivers and workers.

    READ MORE: Toyota launches new redesigned Sienta minivan

    Akio Toyoda, President of Toyota Motor Corporation (Toyota), suggested that the misconduct committed by Hino is incompatible with CJPT’s aspirations and goals and that the continued inclusion of Hino in activities will not gain the understanding of its customers and the public.

    With this suggestion taken into consideration, the decision was made after discussion within CJPT.

    Specifically, Hino will be excluded from all agreements, including the joint planning agreement, and Hino’s equity stake (10 percent) in CJPT will be transferred to Toyota. In the projects that CJPT is currently working on, such as the previously announced social implementation in Fukushima and Tokyo, Hino will play a minimal role to not cause inconvenience to CJPT’s customers.

    READ MORE: Toyota Motors suspends production at Tsutsumi plant

    Comments by Akio Toyoda, President of Toyota Motor Corporation

    “As the parent company and a shareholder of Hino, we are extremely disappointed with the company’s misconduct in relation to the certification testing, which has greatly undermined the trust of our customers and all other stakeholders. Hino has committed misconduct in engine certification for a long period of time, and the company is in a situation where it is not to be recognized as one of the 5.5 million individuals in the Japanese automotive industry. CJPT is a project to build the future together, based on Japan’s CASE technology. As of now, we believe that Hino’s participation will cause inconvenience to stakeholders, and we have decided that it is appropriate to expel Hino from CJPT.

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

    “This conclusion was reached after discussions with the companies involved. We will continue to work with our partners on the project to solve the issues facing the transportation industry and contribute to achieving a carbon neutral society.”

  • Toyota launches new redesigned Sienta minivan

    Toyota launches new redesigned Sienta minivan

    JAPAN: Toyota Motor Corporation on Tuesday announced the launch of the new redesigned Sienta minivan.

    The Sienta was launched in September 2003 as a vehicle that combines the convenience of a minivan, with a spacious cabin and seating for seven passengers, into a compact body size.

    Each generation of the Sienta has provided solid support for family life by remaining consistently close to Japanese families and carrying a deep understanding of changing customer values from the very first generation. This consideration in design has earned driver loyalty and passenger admiration.

    READ MORE: Toyota Motors suspends production at Tsutsumi plant

    The press release issued by Toyota on August 23, 2022 stated that the development team once again considered customer feedback and tried to uncover their real hopes for the Sienta in developing this new model.

    The conclusion they reached was preserving the vehicle’s easy-to-manage length, latest safety and security features, fuel economy, and affordable price while further refining the user-friendly cabin space preserved from the first generation.

    The team has ensured a cabin space that seven adults can ride in without changing the length and width, making it a better companion that matches customer lifestyles.

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

    The second-row seats, where most passengers sit, have been re-designed to provide more spacious rear seat space for both legroom and head clearance. In addition, the new Sienta adopts a revamped powertrain that achieves both fuel economy and driving performance through TNGA, as well as the latest safety and security features in support of family drives.

    The consideration that has been added to the new Sienta will bring smiles to the faces of the whole family.

    Details of the new third-generation Sienta are as follows.

    READ MORE: Global car manufacturers agree to introduce electric mini-commercial vans

    Vehicle details

    A practical design for easy use in a variety of situations

    An exterior design that provides a spacious cabin space and good maneuverability

    Large cabin with a horizontal beltline. Large windows offer good visibility and driving ease.

    Simple “Shikakumaru” circle and square design. Rounded corners create a compact appearance, and the circle and square silhouette lead to good maneuverability.

    Large side protection moldings honestly convey its functionality as a tool that can be used easily.

    A total of seven body colors that blend into everyday life with the Sienta. Colors include Urban Khaki and a vivid Scarlet Metallic. In addition, Scarlet Metallic and Grayish Blue two-toned colors that match the dark gray roof color are also available.

    Interior design that expands the fun of use and creates a comfortable cabin space

    Simple “Shikakumaru” circle and square design. A design that evokes a sense of attachment has been pursued, with iconic, simple, and unified door pockets, cup holders, and registers.

    Pictograms to suggest items that fit into the storage spaces in a fun way.

    A thin, light, and horizontally arranged instrument panel made of fabric. Seamless connections from the front edge of the upper section to the left and right door belt lines support a sense of interior roominess and make it easy to judge the size

    Three interior colors for a comfortable cabin. Color schemes include the bright Fromage and calm and relaxing Black. An easy-to-love Khaki is an available option as part of the Fan Tool Package.

    User-friendly cabin space filled with innovations

    Cabin height was increased by 20 mm from previous models while maintaining an easy-to-manage length and maneuverability. In addition, a low horizontal belt line and upright side glass design create a spacious and open interior

    UV-block and IR-block functions are available as Comfort Package options for all windows around the cabin space, blocking IR and UV rays for a more comfortable space

    A maximum of 1,000 mm, or +80 mm compared to previous models, of class-leading front/rear couple distance has been achieved to improve second-row comfort. Shopping baskets can be conveniently placed under seats for everyday shopping.

    A ceiling air circulator has been installed for rear-seat comfort to efficiently circulate warm/cold air from the air conditioning unit to the rear seats, which eliminates the temperature difference between the front and rear seats

    Sunshades for rear seats have been installed on sliding doors

    While maintaining the popular low 330 mm floor height and stepless flat floor, the power sliding door opening height has been expanded to 1,200 mm, +60 mm compared to previous models, to make it easier to get in and out of rear seats. All family members, from children to the elderly, can easily get in and out of the vehicle.

    Equipped with hands-free dual power sliding doors. This enables users carrying the key to automatically open and close the sliding doors simply by placing their feet under the sensors at the bottom of the front doors. This is a very convenient feature when both hands.

    The rear hatch door opening height has been increased by 15 mm compared to previous models. Luggage space height has also been increased by 20 mm compared to previous models, allowing for smoother loading and unloading. A bicycle with 27-inch tires can be loaded without the handlebars getting stuck in the opening, so, for example, parents can pick up their children with bicycles after cram school in a sudden rain storm.

    In addition to the floor luggage space, the two-row five-seater model has expanded luggage space height by 50 mm compared to previous models, which was achieved by changing the tilt-down structure of the second-row seats to lower the height of the back of the seats when folded. The flat, large-capacity luggage space is ideal for active situations such as outdoor activities where a large amount of cargo is loaded.

    Other innovations

    Sienta has fabric seat covers with deodorizing and water/oil-repellent treatment for more convenience and easier cleaning up after food or drink spills. Enhanced storage space full of ideas for ease of use.

    Armrest hook on the driver’s seat for hanging shopping bags, etc.

    Two driver’s seat-back smartphone pockets (with two USB-C ports for charging), etc.

    Advanced features for a safe, secure, comfortable, and convenient drive

    Toyota Safety Sense

    Toyota Safety Sense, the latest active safety package with advanced and improved functionality, is equipped as standard on all models. The range of accidents that can be responded to has been expanded to support safe driving further.

    Pre-collision Safety System
    This system expands the detection range, adding motorcyclists (daytime), pedestrians, and cyclists to help avoid collisions or reduce damage. It provides additional support at intersections where accidents more frequently occur.

    Proactive Driving Assist
    This system subtly assists drivers when driving on ordinary roads and in other situations. It supports avoidance steering and deceleration to avoid getting too close to pedestrians, cyclists, and parked vehicles by anticipating risks according to the driving situation, such as pedestrians crossing the road or vehicles that may suddenly start moving.

    The new Sienta comes equipped with Advanced Park, a driving support technology function within Toyota Teammate. Besides support of all operations―steering, acceleration, braking, and gear changes―the bird’s-eye view display also shows the ideal steering wheel positions for a safe and secure parking experience. This system expands support in parallel parking situations. In addition to backing in/forward exit from parking situations, it also supports forward entry/backing exit parking situations for improved ease of use when parking.

    Software Update

    Software updates enable the vehicle to always have the latest software version via wireless communication or a dealer’s wired connection. While also adding new functions that become available after vehicle purchase, the updates can enhance vehicle performance. Installation of the latest driver-assistance technologies can help the vehicle evolve in terms of greater safety and peace of mind.

    Comprehensive T-Connect optional services

    Equipped with Connected Navigation-compatible Display Audio system, enabling destination searches and route settings using new center-acquired data, including maps, facilities, and traffic congestion. A voice-recognition service (agent) can also set destinations in the system.

    These new models also come with their own in-vehicle Wi-Fi hotspot, a first for Toyota. The DCM included as standard on all these models enables unlimited data transfer for smartphones, game devices, and other devices connected to the internet.

    Other enhanced equipment for a safe, secure, comfortable, and convenient drive

    Equipped with front and rear dash cams. Video captured by the Toyota Safety Sense’s monocular camera and the newly added rear-facing camera while driving is recorded to built-in memory. For portability, video data can be played back on the Display Audio system or transferred to a smartphone or USB memory device.

    Equipped with an AC100 V/1,500 W accessory power outlet. This not only allows the use of electrical products using the same electrical outlets found in the home but also enables the vehicle to be used as a power generator during blackouts and other times of emergency.

    Earth-friendly and exceptional basic functions

    Body and suspension

    The platform that forms the vehicle’s basic structure was newly designed based on the TNGA (GA-B) platform. The main structure is joined to form a ring-shaped frame, improving joint rigidity. The highly rigid body is light and well-balanced to deliver high-quality riding comfort and outstanding handling stability.

    Handling stability, ride comfort, and quietness have been improved by using a high-damping type of structural adhesive for the vehicle’s main structure and a portion of the mastic sealer used for the roof panel.

    Front and rear suspension geometry has been optimized to produce a rigid body. With MacPherson struts at the front and torsion beam at the rear, a suspension system that creates gentle movement and a smooth ride with excellent road holding has been achieved.

    The minimum turning radius is just 5.0 m, facilitating smooth maneuvers on narrow roads and in car parks.

    The 1.5-liter Dynamic Force Engine (M20A-FKS) for the hybrid system improves system efficiency and achieves outstanding fuel efficiency.Class-leading fuel efficiency of 28.8 km/liter under the WLTC test cycle

    The E-Four system has been used, improving peace of mind for starting on hills in the snow or rain.

    1.5-liter Dynamic Force Engine (M15A-FKS) + Direct Shift-CVT

    The combination of a 1.5-liter Dynamic Force Engine (M15A-FKS) and Direct Shift-CVT achieves a powerful direct drive system with outstanding fuel efficiency.

    As a gasoline-powered vehicle as well, class-leading fuel efficiency of 18.3 km/liter under the WLTC test cycle.

    Direct Shift-CVT comes with 10-speed Sport Sequential Shiftmatic for fun shift changes with the feeling of a manual.

    A wide variety of dealer-installed options that allow the vehicle to be customized to suit various customer lifestyles.

    The vehicle can be customized to the customer’s specifications by combining a wide variety of dealer-installed options, supporting each customer’s vehicle needs as a companion that accompanies each new life stage.

  • Toyota reduce prices of cars in Pakistan from August 16, 2022

    Toyota reduce prices of cars in Pakistan from August 16, 2022

    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.
  • Toyota Motors suspends production at Tsutsumi plant

    Toyota Motors suspends production at Tsutsumi plant

    JAPAN: Toyota Motors Corporation on Monday announced to suspend production at Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan after detection of Covid-19 cases.

    The company apologized for the anxiety and concern that this news may cause to people in the surrounding regions. The virus is an issue that has the potential to affect all Toyota locations and company is still working to further enhance communication and health checks with staff at all locations.

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

    Toyota is actively implementing measures to prevent the further spread of the virus and remain committed to provide timely updates as the situation requires.

    Announced on August 8, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males in their 30’s, a male in his 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on August 8.

    Date tested positive

    August 5 and 6, 2022

    Last date at work

    August 5, 2022

    Date work site was disinfected

    August 5, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation.

    Announced on July 27, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (three males 20’s, a male 30’s, three males 40’s, a female 30’s.)

    Affect to production operation

    READ MORE: Global car manufacturers agree to introduce electric mini-commercial vans

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 27.

    Date tested positive

    July 24, 25, and 26, 2022

    Last date at work

    July 23 and 25, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Others

    Due to difficulties in ensuring the safety and security of our employees and in having the necessary personnel for operation, we have decided to suspend operation following the decision announced on July 26.

    Announced on July 26, 2022

    Location, Worksite

    Takaoka Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (two males 20’s, a male 30’s, two males 40’s.)

    Affect to production operation

    Suspended operations on production line #1 at Takaoka plant for the second shift on July 26.

    Date tested positive

    July 24 and 25, 2022

    Last date at work

    July 23, 2022

    Date work site was disinfected

    July 25 and 26, 2022

    Announced on January 20, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (4 males each in their 20’s, 30’s, 40’s and 50’s.)

    Affect to production operation

    Suspended operations on production line #1 at Tsutsumi plant for the second shift on January 20.

    Date tested positive

    January 17, 18, and 19, 2022

    Last date at work

    January 17, 2022

    Date work site was disinfected

    January 17, 18, and 19, 2022

    Announced on January 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan

    Type of worker

    Line workers (ten males in 20’s, one male in 30’s, and three males in 40’s.) 

    Affect to production operation

    Decided to suspend operations on production line #2 at Tsutsumi plant for the first shift from January 19 to 22.

    Date tested positive

    January 18 and 19, 2022

    Last date at work

    January 18 and 19, 2022 

    Date work site was disinfected

    January 18 and 19, 2022

    Location, Worksite

    Tsutsumi Plant in Toyota City, Aichi Prefecture, Japan 

    Type of worker

    Line workers (eight males in 20’s and 40’s.) 

    Affect to production operation

    Production line #2 at Tsutsumi plant halted operation for the first shift on January 19. 

    Date tested positive

    January 18, 2022 

    Last date at work

    January 18, 2022 

    Date work site was disinfected

    January 18, 2022

  • New prices of Toyota Cars in Pakistan

    New prices of Toyota Cars in Pakistan

    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.
  • Toyota Indus Motors announces plant shutdown

    Toyota Indus Motors announces plant shutdown

    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.

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    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.

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    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.

  • Toyota Indus Motors offers 100% refunds on booking cancellation

    Toyota Indus Motors offers 100% refunds on booking cancellation

    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.

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