KARACHI:
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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How shaked that i listen that Price of Cars i.e XLi & GLi increased so much but I booked a car from Quetta Zarghoon Motors for GLi 2011 @RS:1482000/= now i am shacked i will pay extra payment of RS:47000/= how this is possible if you read my comments so reply me on my e-mail **(apachee1972@yahoo.com)** and booked amount is 1529000/= with registration plus own. Thanks (WAITING FOR REPLY)***No check and balance for anything here! Prices are increased at their will. This hike is not due to inflation, but due to minor cosmetic changes.The price on Tuesday of GLi RS:14,82,000/= and now on Friday09.04.2011 is reached at the RS:15,29,000/= how is possible some changes in Light & grill & bumpers the increase in prices is not justified. The yen is rising due to quakes in Japan which allows them to make their imports cheap to sustain the Japanese economy. Plus yen is expected to further rise since Japanese expats remittances to support their families back home will make yen short in the market. At the same time our own economy is suffering due to rising interest rates, power shortages and high fuel costs. I am not agreed with the Indus Motors or Toyota in any way…at all.* **