The increase in the prices of vehicles was attributed to the instability in foreign exchange,
KARACHI:(Newshub Update Latest News 28 January 2023) Indus Motors Company has increased the prices of vehicles by Rs 4 lakh in view of rising dollar value, the impact of inflation on raw materials, and the increase in production cost.
The new prices will be applicable to vehicles booked after January 12, 2023. Indus Motors cited foreign exchange instability, economic uncertainty, and other costs as the reason for the price hike.
According to the news, the price of Yaris 1.3, GLIMT has been increased from Rs 38 lakh 19 thousand to Rs 40 lakh 79 thousand. At the same time, the price of 1.3 GLICVT has been increased from Rs 40 lakh 69 thousand to Rs 43 lakh 39 thousand.
The new price of Toyota Yaris 1.3 ATI VMT has been increased to 43 lakh 9 thousand rupees, and Yaris 1.5 ATI VXMTI has been increased to 46 lakh 49 thousand rupees.
Similarly, the new price of Corolla 1.6 Atlas XMT is 52 lakh 69 thousand rupees, the new price of Corolla 1.6 Atlas XCVTI is 57 lakh 49 thousand rupees, and the new price of 1.8 X CVT Grandi is fixed at 66 lakh 49 thousand rupees.
Apart from this, the price of Revo VAT 2.8 has been fixed at 1 crore 22 lakh 39 thousand rupees while the cost of Revo VAT Rocco has been fixed at 1 crore 82 lakh 99 thousand rupees.
The price of Fortuner 2.7G Petrol is 1 crore 34 lakh 19 thousand rupees, the price of Fortuner 2.7 V petrol is 1 crore 53 lakh 39 thousand rupees, the cost of Fortuner 2.8 Sigma Four Diesel has been fixed at 1 crore 61 lakh 89 thousand rupees.
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