Despite hard economic times, Toyota Indus Motors has recorded huge profit in Fiscal Year 2020. According to the company, it has made a profit of Rs. 64.66 per share. ” Toyota has paid cash dividends of Rs. 30 per share for the fiscal year ended June 30th, 2020,” the statement read.
This is surely a great news for the company, especially with regard to COVID-19 restrictions, complete lock down in April, rupee devaluation and high government taxes.
Comparison With Honda Atlas:
It is pertinent to mention that the company has achieved this feet as Honda Atlas has recorded record low sales in the Fiscal Year 2019-20.
According to Pakistan Automotive Manufacturer’s Association (PAMA), the sales of Honda City and Civic have seen a 64% drop in this year. The data shows that Honda sold 39,189 units during FY2018-19, compared to lowly 14,091 vehicle sales in FY2019-20.
Price Hikes By Toyota Indus:
Last month, the company introduced insane price hikes up to Rs48,00,000 for its different models.
According to the company, the new rates include ex-plant prices and were applicable from today, July 7, 2020.
According to a notification, the company has increased the price of Lexus LC200 VX A/T (Diesel) will now cost Rs51,370,000, comparing to its old price of Rs46,500,000. Meanwhile, LC200 VX A/T (Gasoline) has seen jump of Rs4,650,000 and will now cost Rs52,650,000 from Rs48,00,000.
Meanwhile, the price of Prado 4.0 Petrol A/T is increased by Rs3,010,000 and will cost Rs41,410,000 from old price of Rs38,400,000. Prado’s 3.0 Diesel Turbo A/T will now cost Rs39,270,000, after seeing increase of Rs2,570,000.
The company has increased the rate of Prius 1.8L by Rs900,000, taking the price from Rs8,370,000 to Rs9,270,000. Meanwhile, the amount of Camry High Grade has seen a jump of Rs2,130,000, as it will now cost Rs18,630,000, comparing to its old price of Rs16,500,000.
