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Toyota Yaris 1.3 latest price in Pakistan for August 2024
Today, Indus Motor Company (IMC) revealed that it will stop production of a variant of its B-segment sedan, the Toyota Yaris. According to an official announcement, the company will discontinue the Toyota Yaris 1.3 CVT AERO on March 14, 2024.
“The allocations of Yaris 1.3 CVT AERO have been lapsed in the allocation system. Dealerships are requested to update their price lists and inform their sales teams accordingly. The notification stated that the company will provide an update soon regarding the existing orders for this variant.
IMC introduced the AERO variant in April 2023 with several exterior enhancements, including:
The price of the Yaris AERO 1.3 CVT was Rs. 5,199,000.
The reason for discontinuing the Yaris 1.3 AERO has not been disclosed by the company. However, it is speculated that low sales may be the main factor behind this decision, considering the current market conditions. According to the latest PAMA report, Toyota Pakistan experienced a 26% sales decline, selling 2,036 units last month compared to 2,762 vehicles in January 2024. Among these, the carmaker sold 1,759 units of the Corolla and Yaris and 277 units of the Fortuner and Hilux.
On March 7, IMC declared a 6-day production cut from March 6 to 11. The reason behind this decision remains consistent: a persistently low inventory of auto parts and other components, coupled with challenges from the disrupted supply chain, leading to significant disruptions in production operations.
IMC has been dealing with inventory issues for the past year, with recurring closures of its production plant highlighting the severity of the situation. This has raised concerns among industry experts.
Auto sector experts and analysts have pointed out the negative impact of these shutdowns on the industry’s overall health. They have called for urgent government intervention to address the situation.
What do you think about IMC’s choice to discontinue the Yaris 1.3L AERO? Were you considering purchasing one? Share your thoughts in the comments.
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