In a surprising move, Indus Motor Company (IMC) has decreased the price of its imported vehicles. In a notice, the company expressed its dedication to customer satisfaction and announced revised Retail Selling Price (RSPs) ex-factory Karachi for CBU passenger vehicles.
Updated CBU Car Prices
The company has lowered the prices of two vehicles:
- Toyota Camry 2.5L Hybrid saw a significant decrease of Rs. 23,869,000, bringing the price down to Rs. 29,990,000 from the previous Rs. 53,859,000.
- The Land Cruiser 300 ZX will now be priced at Rs. 120,000,000 instead of Rs. 156,829,000, with a decrease of Rs. 36,829,000.
Terms and Conditions
According to IMC:
- These indicative prices are provisional and subject to change.
- Final price will be determined at the time of delivery.
- Revised prices will apply to orders invoiced on or after March 12, 2024.
- New indicative prices are ex-factory Karachi per unit and include taxes, FED, CVT, and dealer’s commission.
The reason for the price reduction has not been specified by the car maker. This is positive news for consumers of these cars, given the substantial decrease. The automotive industry in Pakistan is still navigating uncertain economic conditions, expected to continue in the near future. While Pak Suzuki has raised car prices, Kia Pakistan has reduced rates for its Kia Sportage, and now Toyota has announced updated prices for its CBU vehicles.
Hopefully, the new government will take steps to stabilize the automotive industry, lower prices, and make vehicles more affordable. Let’s remain optimistic for the future.
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