In the recent turn of events, it is reported that Toyota Indus Motor Company has suspended the registration of two of its dealers and has fined one dealer with PKR 2 million. They have been suspended and fined for selling cars under the unfavourable ON money dealing.
According to our sources, Toyota IMC has suspended the registration of Toyota HN Motors and Toyota Sargodha Motors and has fined Toyota Garden Motors with PKR 2 million.
RELATED: IMC Pakistan cancels more than 1000 booked cars
Upon reaching out to the official sources, our team was unable to get a word from Toyota Sargodha Motors; however, the officials of Toyota HN Motors spoke to PakWheels.com on the matter and verified the news of being suspended from the dealership list of Toyota IMC due to ON money scheme.
They added that their dealership license got suspended back in November 2017 for two months and IMC still hasn’t permitted Toyota HN Motors to book cars from them. Moreover, they also told that due to this suspension they are unable to cater to the needs of their customers, which is affecting their business.
“We are receiving a lot of orders from our esteemed customers, but we are in peril due to not booking and getting cars from Toyota.” – Toyota HN Motors.
On the other hand, Toyota Garden Motors has completely denied the accuracy of this news of being charged with PKR 2 million for fake bookings.
We also reached out to Toyota Indus Motors in this regard and will update the story as soon as IMC gives their verdict on the news.
To curb the menace of ON money from the automobile industry, Toyota IMC cancelled about 1300 bookings upon verifying the Provisional Booking Orders last year in November. However, the company has refunded PKR 600 million to those who booked the car.
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