Toyota Motors
LAHORE: Leading automobile company Toyota Indus Motors has announced a major reduction of Rs 2.5 million in the price of the petrol variants of Toyota Fortuner for the second time in five months.
The company is calling this move a 35th anniversary special offer, however, auto industry experts say that such a huge reduction in a premium vehicle is unusual and the changing market situation may be behind it.
The company has announced a reduction of Rs 2.5 million 4 thousand in the price of the “G” petrol variant of Fortuner, after which the price of the vehicle has come down from Rs 14.9 million 39 thousand to Rs 12.4 million 35 thousand.
Similarly, the price of the Fortuner’s “V” petrol variant has been reduced by Rs 2.574 million to Rs 14.935 million, while earlier this vehicle was being sold for Rs 17.59 million.
Experts say that such a huge reduction in the price of a premium SUV indicates that factors such as reduced demand, rising inflation and reduced purchasing power of consumers are affecting the market.
ISLAMABAD: The prices of chicken and eggs have skyrocketed. The government price of chicken meat…
TEHRAN: After the restoration of maritime transportation in the Strait of Hormuz, crude oil prices…
ISLAMABAD: Pakistan’s open currency market is witnessing an unusuawith demand for the Iranian rial rising…
LAHORE: An important forecast of the Meteorological Department regarding the weather in Lahore has come…
ISLAMABAD: The federal government has introduced new income tax slabs for government employees and salaried…
ISLAMABAD: The Ministry of Religious Affairs has issued new instructions for Pakistani pilgrims going to…