Toyota decreases car prices massively after USD weakens. All You Need To Know




Toyota Indus Motor Company (IMC) has announced reduction in its car prices after the Pakistani rupee continued to recover against the US dollar.

The US dollar which hit a historic high of Rs239.94 on 28 July 2022, which led to car manufacturers announcing a massive hike in their prices, is now being traded at Rs213, which prompted the company to slash rates of its cars

However, the booking for vehicles still remains suspended by Indus Motor Company (IMC) which also announced to provide a full refund to customers along with mark-up payment for order cancellation as the company is facing disruption in its production due to constraints on approval of Letter of Credit (LCs) from the State Bank of Pakistan (SBP) for the import of CKD kit.