Instead of increasing vehicle prices immediately, Toyota stops taking orders due to rupee devaluation

SHARE:

Yesterday, Honda Atlas Pakistan increased as much as Rs. 7,000 on all of its vehicles in Pakistan following rupee devaluation. It was the fifth time a major automobile company in Pakistan raised prices of cars since December.

Following Honda’s move, it was widely predicted that Toyota and Suzuki will follow the footsteps of their competition and increase the prices of their vehicles as well.

But today, Toyota issued a surprising public notice which states instead of increasing the prices of its cars, the company has stopped taking all orders in Pakistan effective immediately.

Here’s what the notification read

Indus Motor Company (“IMC”) would like to inform the general public that we have STOPPED OUR ORDER BOOKINGS for a few days, due to the recent depreciation in Pak Rupee’s value, which has resulted in substantial cost increase on account of C&F, Government Duties & Taxes, imported components and raw materials for local parts. The Company is in the process of evaluating the impact of the same. Once the situation stabilizes, we will resume our order bookings with the announcement of new prices

The notification also announced that deliveries scheduled for this month, for which the full payments have been received, will not be required to pay any extra money.

Toyota may have temporarily stopped taking bookings, but it will be back soon with the new prices of its vehicles.

With Toyota and Honda both increasing prices, only Suzuki is left now.

COMMENTS

BLOGGER

How You Feel About This Post
Name

5G,1,Abaya,10,Ahsan Khan,1,Aima Baig,2,Aiman khan,7,Alizeh Shah,4,Android,27,Apple,8,Apps,525,Ayesha Khan,1,Ayeza Khan,6,Bags,1,Bollywood,25,Breakfast,1,Bridal Dresses,1,Celebrities,714,Children Prints,7,Cookware,1,Dresses,249,Facebook,29,Fashion,323,Fawad Khan,3,Firefox,2,Food,19,Gadets,610,Gadets iPhone,1,Gents Dress,13,Gmail,4,Google,23,Google Assistant,2,Google Duo,5,Google Gboard,5,Google Maps,7,Google Photos,5,Google Pixel,1,Google Play Store,3,Hair Styles,9,Health,68,Hijab,2,Hina Altaf,2,How To,129,HTC,2,Huawei,71,Humayun Saeed,1,Iman Aly,1,Infinix,5,Instagram,28,iOS,31,Iqra Aziz,5,Iqrar Ul Hassan,1,Kinza Hashmi,3,Komal Rizvi,2,Ladies Cloths,120,Laptops,1,Lenovo,6,LG,16,Mac,4,Mahira,5,Makeup,15,Mathira,2,Mawra Hocane,2,Maya Ali,4,Mehndi Styles,19,Mehwish Hayat,2,Meizu,10,Microsoft,2,Minal Khan,6,Mix topics,674,Mobilink,8,Momal Sheikh,2,Momina Mustahsen,2,Motorola,9,Music,16,Nadia Hussain,1,Neelam Muneer,1,Neelam Usaf,1,Netflix,3,Nida Yasir,5,Nimra Khan,4,Nokia,32,Nubia X,3,OnePlus,6,Oppo,25,Pixel,1,Realme,6,Reema Khan,4,Resham,1,Saba Qamar,5,Saboor Aly,4,Sadaf kanwal,4,Sajal Ali,6,Samsung,95,Sana Javed,1,Sanam Baloch,4,Sarah Khan,3,Shawls,3,Shoes,11,Showbiz,785,Sidra Batool,1,Skin Care,9,Skype,3,Snapchat,8,Sony,8,Sonya Hussain,2,SoundCloud,1,Sports,39,Syed Jibran,2,Tech,1329,Techno,2,Telegram,2,Telenor,4,TikTok,6,TV,3,TV Series,77,Twitter,12,Ufone,3,Urwa Hocane,4,Videos,140,Vivo,33,W,1,WhatsApp,49,Windows,31,Winter Collection,1,WordPress,1,Xiaomi,54,YouTube,14,Zara Noor,5,Zong,2,
ltr
item
Daily InfoTech: Instead of increasing vehicle prices immediately, Toyota stops taking orders due to rupee devaluation
Instead of increasing vehicle prices immediately, Toyota stops taking orders due to rupee devaluation
https://mixsites.mixwpthemes.com/wp-content/uploads/2018/10/instead-of-increasing-vehicle-prices-immediately-toyota-stops-taking-orders-due-to-rupee-devaluation.jpg
Daily InfoTech
https://www.dailyinfotech.com/2018/10/instead-of-increasing-vehicle-prices.html
https://www.dailyinfotech.com/
https://www.dailyinfotech.com/
https://www.dailyinfotech.com/2018/10/instead-of-increasing-vehicle-prices.html
true
3600554654078239861
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy