Indus Motor Company (IMC) has announced that it will unveil the new Corolla 2011 model next week.
The new XLi and GLi variants will offer new headlamps, sporty front grill and bumpers, along with redesigned tail lamps, according to a statement issued on Thursday.
IMC announced that the new increased prices of the Xli and GLi variants would be Rs1,399,000 and Rs1,529,000, respectively.
The company added that the price has been increased due to the inflationary trend that has put enormous pressure on IMC in the last one year.
The cost of just the local components/parts has increased by Rs40,000, claimed the press release
The company also claimed to have been absorbing most increases in costs due to rising oil prices due and strong yen.
Published in The Express Tribune, April 8th, 2011.
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