Indus Motor Company – As per the indicative price list sent by the IMC to its authorized dealers, the new prices for the Toyota Yaris GLi M/T 1.3, CVT 1.3, ATIV M/T 1.3 and ATIV CVT 1.3 are Rs 4,479 crore, Rs 4,760 crore. 4,730 crores and 5,604 crores, compared to 4,326 crores, 4,616 crores, 4,586 crores and 4,766 crores, respectively.
Amidst the lethargy of automobile sales during the 10 months of FY24, a ray of hope emerged after the State Bank of Pakistan relaxed restrictions on imports, thereby boosting the arrival of Completely Knocked Down (CKD) kits.
According to Pakistan Bureau of Statistics (PBS) data, CKD imports increased to $72 million in April from $60 million in March, $50 million in February and $37 million in January, suggesting an improvement in early booking of hot-selling vehicles.
Booking of the Yaris is made with a partial payment of Rs 1.5 million upon receipt of the order from May 24. A dealer said the company has raised prices for a headlight and bumper replacement.
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“The industry will recover in FY25 in case the government accepts the demand of the assemblers to curb the import of used cars and give free space to the local industry to launch their products,” he said, adding that The lack of relief measures will also keep assemblers and suppliers struggling over the next year.
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Auto parts expert Mashood Ali Khan said that the increasing trend in import of CKD kits indicates improvement in sales, especially from July onwards, depending on the pro-automotive measures to be announced in the fiscal year budget 25.
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In mid-March, IMC reduced the prices of several Yaris models by between Rs 73,000 and Rs 133,000 to keep them below Rs 4 million, excluding general sales tax.Indus Motor Company