Following the recent rupee depreciation, the Indus Motors Company (IMC) has revised prices for vehicles and resumed bookings from October 17, 2018. According to the announcement, the customers who have paid full payment for orders of Oct / November will get cars on same prices as company will absorb the added cost. However, customers who have made partial payments for October/ November// December will have to give 50 percent of added cost.
It said, "The recent depreciation in Pak Rupee's value against dollar has resulted in substantial cost increase on account of C&F, Government Duties & Taxes, imported components and raw materials for local parts. It is extremely difficult for IMC to hold the current retail selling prices and therefore we are compelled to pass on a part of this exchange impact to the market."
For November to December, Corolla Prices have increased in the range of PKR 50,000 to 100,000 and the prices of Innovative International Multi-purpose Vehicle (IMV) variants i.e. SUVs, Pickups/light trucks and passenger cars have been increased in the range of PKR 125,000 and 175,000. "IMC policy is always to take orders on partial payments and discourages customers to give orders on full payments," it maintained.
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