Once again, there is a price hike. Toyota raised the price of its vehicles for the third time in the past 30 days on February 14. It’s interesting to note that the episode extends beyond price increases to include car sales. Toyota Pakistan raises import car prices by up to Rs. 29 million this time.
The corporation increased the price of their cars by up to Rs. 890,000 in a letter that was delivered to its dealers on February 14. On January 12, there was a price increase, and there was another price increase later in the month.
In the notification, it was said that economic concerns and the extremely fluctuating status of the rupee against the dollar have significantly impacted the cost of production for IMC.