Indus Motor increases car prices
Cites rise in production cost as the reason.
KARACHI:
Indus Motor Company Limited on Thursday increased prices for its different models ranging from Rs15,000 to Rs50,000.
The new prices will be applicable to all bookings from Friday (December 9), a company official said.
Talking to The Express Tribune, Indus Motor Director Marketing Raza Ansari said the company increased prices following a rise in the cost of production. He cited the recent depreciation of rupee against the US dollar as one of the causes of the price hike.
The price of Cuore has been increased by Rs15,000 while prices of all manual models of Toyota Corolla have been raised by Rs20,000. All automatic models of Toyota Corolla will now cost Rs30,000 more, car dealers say. The largest increase of Rs50,000 was made in the price of Hilux pickup. Automakers usually face public resentment over back-to-back increases in car prices which the manufacturers attribute to the rising cost of production.
All Pakistan Motor Dealers Association Chairman HM Shahzad termed the price increase unjustified and asked the government to intervene and force the carmaker to take back the decision.
Shahzad said the government should further relax the car import policy which would discourage automakers from enhancing prices.
Owing to the relaxation in import rules for second-hand vehicles, this year around 25,000 cars are expected to be imported by the end of December, up from 15,000 the previous year, dealers say.
Published in The Express Tribune, December 9th, 2011.
Indus Motor Company Limited on Thursday increased prices for its different models ranging from Rs15,000 to Rs50,000.
The new prices will be applicable to all bookings from Friday (December 9), a company official said.
Talking to The Express Tribune, Indus Motor Director Marketing Raza Ansari said the company increased prices following a rise in the cost of production. He cited the recent depreciation of rupee against the US dollar as one of the causes of the price hike.
The price of Cuore has been increased by Rs15,000 while prices of all manual models of Toyota Corolla have been raised by Rs20,000. All automatic models of Toyota Corolla will now cost Rs30,000 more, car dealers say. The largest increase of Rs50,000 was made in the price of Hilux pickup. Automakers usually face public resentment over back-to-back increases in car prices which the manufacturers attribute to the rising cost of production.
All Pakistan Motor Dealers Association Chairman HM Shahzad termed the price increase unjustified and asked the government to intervene and force the carmaker to take back the decision.
Shahzad said the government should further relax the car import policy which would discourage automakers from enhancing prices.
Owing to the relaxation in import rules for second-hand vehicles, this year around 25,000 cars are expected to be imported by the end of December, up from 15,000 the previous year, dealers say.
Published in The Express Tribune, December 9th, 2011.