ISLAMABAD: The Indus Motor Company (IMC) has hiked the car prices of Toyota Corolla (2 variants) and Toyota Revo. According to a notification, due to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased. “In addition, the uncertainties in forex fluctuations, increase in utilities and overheads has also impacted the cost of manufacturing, thus IMC is compelled to pass on some impact to the market,” the notification read. The company has increased the prices of two variants: The first one is Corolla 1.6 CVT, which has the new price of Rs4,979,000 against the previous rate of Rs4,789,000 meaning it saw a jump of Rs190,000. Then second variant is Corolla 1.6 CVT (Special Edition) and its new price is Rs5,479,000 against the old price of Rs5,279,000 as it has observed a jump of Rs200,000. DNA
