Toyota increases car prices again

The Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has increased the prices of its cars of all models for a third time in 2023 following the massive depreciation of the local currency.

Indus Motor Company (IMC), the assembler and seller of Toyota-brand vehicles in Pakistan, has sent a letter to its dealers on February 14 and said the company raised prices of its cars by up to Rs890,000. The first price hike came on January 12 followed by another price increase later last month.