I agree with you ... somebody quoted that Vigo and Fortunner share the same frame ... true ? or most of the parts are same ... I should had been below the psychological mark of 5 million ( 4.3 would a competitive price in my opinion ) ... but you know what the irony is ....
we all crib about Indus prices ... like who can justify XLI for 1.6 million but still see the sales figures ... Corolla is still the highest selling Sedan of Pakistan. Big shots in IMC must have done a thorough market study before investing in this project because for them every penny counts.
Keeping this aside , I have the hands on experience of importing CKDs , SKDs and full modules ( in official capacity and NOT related to automotive ) ... duty on a individual part/LRU (line replaceable unit) comes out to be around 35% , NO KIDDING ... and on top of it , they pay the Sales tax .. I am NOT justifying price , just reminding you
I am Not sure about Indus margins, but Honda Atlas takes 90K on each Civic sold in which they have to satisfy all the utility bills, salaries and misc expenses ...