Man might need a car though. And with respect to the Pakistani market, this changes nothing, except for the fact that customers will have to pay around 300k more. The resale market will always have a greater value for City as compared to Yaris, simply because the City was introduced at a higher price.
It is not only the companies that take benefit of this strategy. Every dealer and showroom owner will increase the price of the old City they are selling and make a massive profit, even though the cars are not worth it