Karachi
\nIndus Motor Company (IMC), the maker of Toyota vehicles in Pakistan, increased prices on CKD vehicles lineup in the range of Rs280,000-Rs1,210,000, citing \u201cmassively changing market conditions and increasing landscape\u201d for the rate hike.
\n\u201cDue to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased,\u201d the company said in a notice sent to the dealer principals, chief executive officers and dealer head of sales.
\nThe automaker further cited the volatile situation of forex, the increase in utilities and overheads as major factors that impacted the cost of manufacturing for the company.
\n\u201cThus, this situation has made it extremely difficult for IMC to hold the current retail selling prices and therefore, we are compelled to pass on some impact to the market.
\nFollowing are the new retail selling price (ex-factory) which came into effect on January 12:<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Indus Motor Company (IMC), the maker of Toyota vehicles in Pakistan, increased prices on CKD vehicles lineup in the range of Rs280,000-Rs1,210,000, citing \u201cmassively changing market conditions and increasing landscape\u201d for the rate hike. \u201cDue to economic uncertainties and inflation in raw material cost, the vendor cost of production has significantly increased,\u201d the company […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-307560","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n