Earlier this month, we told you that Toyota Pakistan has suspended the bookings of all of its cars. “Due to current uncertain and volatile market conditions, the order intake for all Toyota models has been closed till further notice,” the company said. However, there is a good update regarding this as the car company has reversed its decision.
Toyota has resumed the bookings of its cars, and that is without increasing any prices. So, Toyota lovers can now visit their nearby dealership and book the vehicle of their choice. And as we mentioned earlier, the costs have not been increased yet, which is an important update since multiple companies, including Kia Lucky Motors, Changan Master Motors, Proton Pakistan, and Prince DFSK, have recently hiked their prices.
Still Not so Stable Situation
The company suspended the bookings because of the country’s unstable political and economic situation. A couple of weeks ago, the country was going through a political transition while the dollar price reached to Rs. 190 from Rs. 184 in a matter of a few days. Although the new government is established now, however, the economic instability, especially the rupee devaluation against the US dollar, is still on.
As per market reports, today’s dollar rate is Rs. 186.50, which was Rs. 182 a couple of days ago. So, it seems that the market will continue to face fluctuation and issues. It also means there could be a price hike from Toyota as well in the coming days, although we hope it doesn’t happen.
Toyota Price Increase
The last price hike by Toyota Pakistan happened on March 22, 2022. The company jacked up the prices of all of its locally assembled units up to Rs. 1,257,000. Hopefully, the prices will remain the same for the time being.
Here is to a stable future for the local auto industry because it is a dire need for everyone.
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