The company has stopped taking orders after massive devaluation of Pakistan currency and announced to conduct a review to assess the situation . A rapid currency depreciation has resulted more cost on account of freight, raw material, government duties/taxes and imported parts as well as local parts etc, the representative said in a statement.
It is very hard time for IMC to hold the current retail selling and we are compelled to increase the exchange impact to the market. The company added that it had resumed bookings of cars heavy vehicles from Oct 17, 2018.
“Customer who have paid full payment of October and November will receive cars as company will absorb added cost while those who have paid partial payment for October, November and December will have to pay 50 percent of the added cost the official said”.
“It said for November to December, Corolla prices had increased in the range of Rs50,000 to Rs100,000 and the prices of Toyota Innovative International Multi-purpose Vehicle (IMV) variants had been raised in the range of Rs125,000 and Rs175,000.