Toyota Corolla Altis X was launched in Pakistan by Indus Motor Company Limited (IMC). The car is launched in two variants.
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Price, specs of Toyota Yaris 2022 in Pakistan
Toyota Yaris 2022 was launched in Pakistan on March 15, 2020. The car is locally manufactured by Indus Motor Company Limited (IMC).
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Pakistan Customs to auction Toyota, Suzuki motor cars on Dec 14
ISLAMABAD: Pakistan Customs has announced auction Suzuki and Toyota motor vehicles, which will be held on December 14, 2022 at Sukkur.
Following is the list of auction of vehicles lying in State Warehouse, Sukkur to be held on December 14, 2022:
01. Suzuki Kie Car, bearing Registration No. Without Number, Chassis No.HZ22S-675401, Engine No.K6A, Model 2006.
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02. Toyota Aqua Car, bearing Registration No.BJU-862, Chassis No.NHP10-6298404, Model 2014 and Engine Capacity 1490 CC.
03. Toyota TZ Prado Jeep, bearing RegistrationNO.BD-8408 (Sindh), Chassis No.JTEBU25J005029572, Model 2005 (as per japani website) and Engine Capacity 4000 CC.
04. Toyota Prius Car, bearing Registration No.BGH-417, Chassis No.ZVW30-1358220, Engine No.2ZR-1230757, Model 2011 and Engine Capacity 1797 CC.
05. Toyota Axio Saloon Car, bearing Registration No.AXJ-090, Chassis No.NZE141-6015839, Engine No.1NZ-C484965, Model 2009 and Engine Capacity 1490 CC. (As per Running Page).
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06. Toyota Corolla Fielder Car, Bearing Reg. No.BPU-210, Chassis No.ZZE122-0010909, Engine No.IZZ-FE, Model 2000 and Engine Capacity 1800 CC.
07. Suzuki Swift Car, Bearing Reg. No.LED-1475 (Pujab), Chassis No.ZC11S-107422, Model-2004, (as per Japani website) and Engine Capacity 1298 CC.
08. Toyota Premio Car, bearing Registration No.BEZ-654 (Sindh), Chassis No. AZT240-0021231, Model 2005-06 (as per japani website) and Engine Capacity 2000 CC.
09. Suzuki Swift Car, bearing Registration No.AZK-119, Chassis No.ZC11S-157917, Engine No.M13A, Model 2009 and Engine Capacity 1248 CC.
READ MORE: Customs Intelligence Gwadar auctions motor vehicles on December 12
10. Toyota Prius Car, Bearing Reg No.BAT-685, Chassis No.ZVW30-5064179, Model-2009 (as per japani website and seat belt) and Engine Capacity 1800 CC.
11. Toyota Prius Car, Bearing Reg No.BAW-474, Chassis No.ZVW30-1041423, Model-2009 and Engine Capacity 1800 CC
12. Toyota Vitz Car, Bearing Reg No.ALT-499, Chassis No.SCP13-0026906, Model-2003 and Engine Capacity 1297 CC.
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13. Toyota Surf Bearing Reg No.U-2683, Chassis No.KZN130-9039907, Engine No.1KZ0189302, Model-1994, and Engine Capacity 2982 CC.
14. Suzuki Swift Car, Bearing Reg No.AWX-616, Chassis No.ZC72S-101701, Model-2012.
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Toyota reveal bZ Compact SUV Concept model
Toyota Motors revealed the bZ Compact SUV Concept model in the 2022 Los Angeles Auto Show. The SUV is a full battery-electric vehicle which produce zero emissions. The vehicle utilizes eco-conscious interior materials and brings the dynamic performance.
The feature of the in-car personal agent named, ”Yui” connects the driver and passengers with the vehicle. Through the use of audio and visual lighting cues moving around the cabin, it responds to requests or commands from front or rear passengers.
The aerodynamic form of the concept enhances its futuristic look by pushing the wheels to the corners to achieve an aggressive stance – making it appear as if it’s moving even when standing still.
The short overhangs and sweepback angles make it stand out as an advanced technology vehicle; a narrowed-down cabin design gives it an agile appearance for a low coefficient of drag.
The edgy styling extends to the interior with premium finishes resulting in a distinctive look. Notably, the design team included several eco-friendly touches, like seating made from plant-based and recycled materials to follow the Beyond Zero theme.
The Beyond Zero message encourages diligently adapting how we live our lives in the present to ensure a better future for all. Toyota envisions a future in which carbon neutrality is achieved through the practical marketization of a portfolio of products with advanced, alternative-fuel and zero-emission powertrain technologies.
Globally, Toyota plans to expand to around 30 dedicated BEVs, including five carrying the bZ (Beyond Zero) brand moniker. This diverse portfolio of electrified products will help propel Toyota toward its goal of carbon neutrality by 2050.
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Toyota launched all-new Prius globally
JAPAN: Toyota Corporation on November 16, 2022 launched all-new Prius for first time globally.
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Toyota to launch all-new Prius on Nov 16
JAPAN: Toyota Motor Corporation today announced to hold world premiere of the all-new Prius on November 16, 2022.
Previously Toyota launched All-New Crown on July 15, 2022. In designing the new Crown, the development team thoroughly reexamined what “Crown” is, and as a result of their pursuit of a “Crown for a new era,” they have created four completely new models.
In addition to the Crossover type, a new style that combines a sedan and an SUV, the Sport offers a sporty driving experience with an enticing atmosphere and an easy-to-drive package.
The Sedan is a new formal design that meets the needs of chauffeurs, and the Estate is a functional SUV with a mature atmosphere and ample driving space.
Toyota on August 23, 2022 launched Sienta minivan that combines the convenience of a minivan, with a spacious cabin and seating for seven passengers, into a compact body size.
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Price, upgrades of newly launched Toyota GR Supra GT4 EVO 2023
Toyota Gazoo Racing today introduced the updated GR Supra GT4 race car for the 2023 season, which carry better upgrades enhancing the braking, handling and engine performance.
The ready-to-race GR Supra GT4 EVO will be priced at 186,000 euros or $185,151.82.
The car has been upgraded on the basis of customer and driver feedbacks, which have helped the super car to get even better.
READ MORE: Toyota stops car production in Russia
The press release issued by the Toyota Motors stated that, user feedback and requests have flowed directly into the development of the GR Supra GT4 EVO, which follows TOYOTA’s commitment to continuous improvement and building ever-better motorsports-bred cars for customers.
In response to constructive customer feedback and the results of detailed evaluations, Toyota Gazoo Racing development engineers focused their efforts on three key areas: brakes, handling and engine.
The improved brake system design, new ABS settings, latest KW damper technology and updated anti-roll bar specification, the GR Supra GT4 EVO will deliver improved handling and higher cornering speeds.
READ MORE: Lexus launches new electric car UX 300e
The drivers will be able to push for faster lap times due to increased power and an optimised torque curve of the 3.0-litre, six-cylinder, turbocharged engine, which benefits from more effective cooling.
The GR Supra GT4 EVO is easier to drive for ambitious amateur drivers whilst it also provides the precise performance demanded by professional racers.
The GR Supra GT4 EVO will make its competitive debut in January 2023 at the 24 Hours of Daytona, the first round of the IMSA Michelin Pilot Challenge season.
Orders for the GR Supra GT4 EVO will be taken from October 28 2022 and an upgrade kit will be available to existing GR Supra GT4 customers.
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Lexus launches new electric car UX 300e
Lexus launched new electric car UX 300e with the evolution of the brand’s first production Battery Electric Vehicle (BEV) model. The updated UX 300e joins the new UX 200/250h announced earlier this year, with deliveries scheduled to begin in 2023.
Since the 2005 launch of the RX 400h, the world’s first hybrid SUV, Lexus has been a pioneer of electrification in the luxury market. Based on the electrification vision “Lexus Electrified” announced in 2019, Lexus aims to meet the diverse needs of global customers through a broad range of electrified vehicles, from HEVs to PHEVs and BEVs. Using electrification technology to significantly enhance fundamental vehicle performance.
Lexus continues to refine the timeless joy of the automobile, through hallmark precision and sophistication. In 2020, Lexus launched UX 300e as the brand’s first production BEV model. In 2022, this was followed by the introduction of the Lexus RZ, a dedicated BEV model.
As of the end of August 2022, cumulative sales of Lexus electrified vehicles stand at approximately 2.3 million units, as the brand accelerates their development and adoption to contribute to the realization of a carbon-neutral society.
In addition to its maneuverable body size and unique “UX” urban compact crossover design, the UX 300e is highly regarded by customers seeking a distinctly quiet and refined BEV driving experience. The enhancements announced for the UX 300e are based on the relentless pursuit of perfection under an “Always On” philosophy.
Enhancements unique to the BEV powertrain include a newly developed battery pack with capacity increased from 54.4 kWh to 72.8 kWh, resulting in a cruising range of 450 km―over 40% longer than the current model.
The UX 300e also inherits the further refinements made to the dynamic precision of the UX series for confidence-inspiring performance, along with the expanded functionality of active safety technologies, and the evolution of advanced features through the latest multimedia system.
The updated UX 300e underwent rigorous testing and evaluation at Toyota Technical Center Shimoyama. The low center of gravity created by the under-floor placement of the BEV battery pack gives the UX 300e a natural performance advantage, as do standard rear Performance Dampers.
For even more refined dynamics, body rigidity was strengthened with the addition of 20 spot welding points, and the Electric Power Steering (EPS) and shock absorbers were optimally tuned for the all-electric model.
When it comes to advanced technology, functionality of the “Lexus Safety System +” active safety technology was expanded with the aim of providing a safer and more secure driving experience.
In addition, the latest multimedia system brings a larger, higher resolution touch panel display, the form and switch layout of the instrument panel and console area have been optimized, and two new Type-C USB connectors have been added to the front of the console for improved usability when charging devices.
The UX 300e takes full advantage of the electric powertrain configuration. As a unique BEV characteristic, it does not carry front-heavy objects such as an engine, allowing heavier components to be placed towards the center of the vehicle for optimum front/rear weight distribution and moment of inertia.
The low center of gravity provided by the underfloor battery pack and the rear Performance Dampers complement these attributes to refine the dynamics and enhance the sense of connection between the car and driver.
The underfloor battery also acts as a sound barrier, and extra attention was focused on wind noise and road noise from gravel and other materials that became apparent in the absence of engine and transmission sounds. The result is a comfortable, quiet interior space.
The newly developed battery pack extends cruising range by more than 40% to 450 km compared to the current model and achieves energy consumption of 166.7 Wh/km.
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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.
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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.
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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.
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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.
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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.
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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.