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Toyota Motors offers free registration on purchasing 1.3L Corolla

byCT Report
30/08/2019
in Business, Latest News
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LAHORE: Toyota Indus Motor Company (IMC) on Thursday announced to offer a limited-time free registration on the purchase of all 1.3L Toyota Corolla variants.

According to the PakWheels, the Japanese auto giant always looks to attract its customers with creative and attractive promotions, and this time, it brings a free registration for its Toyota Corolla consumers. The offer is exclusively available for those purchasing 1.3L variants of Corolla which includes XLi and GLi. Overall, there are a total of four variants in this category according to their mode of transmission. These variants, along with their current (ex-factory) prices are mentioned below:

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Toyota Corolla XLi VVTi (Rs24.99 lac)

Toyota Corolla XLi Automatic (Rs25.99 lac)

Toyota Corolla GLi 1.3 VVTi (Rs27.49 lac)

Toyota Corolla GLi Automatic 1.3 VVTi (Rs28.49 lac)

According to the details, it’s a limited time offer valid only for the first 1000 units. The company also offers a three years warranty period or 100,000 km (whichever comes first) on all its models. The customers can visit their nearest dealership or check its availability online through the company’s website and book their Toyota Corolla today.

Note here that Toyota Corolla is the top-selling model of the Japanese auto manufacturer in Pakistan and leads the sales in its segment. However, in recent months, the sales of all the cars, including Corolla, have declined incredibly. The overall economic slowdown process in the country is the primary reason behind this plunge. In Pakistan, the company currently stands with a 22% market share in the passenger cars and light commercial vehicles.

The imposition of 5% FED on all the units of Toyota Corolla also jacked up the prices quite significantly. In addition to that, the rising US dollar against the local currency also left its massive impact on the prices of all the variants. However, on a year-on-year basis, the company sold 56,720 units of Toyota Corolla as compared to 51,412 units in the corresponding period last year, which is an increase of 10.3%.

The overall sales of the local auto manufacturer went up by 3.5% in this period. A total of 66,211 units of all the CBU and CKD units of Toyota were sold as compared to 64,000 units in the previous year.

Anyhow, it’s a great marketing tactic by the automaker to attract customers into buying its vehicle and lift the sales numbers in the declining market. The customers can also avail a financing scheme of the company which starts from Rs.48,755/- per month. Under the free registrations scheme, the customers can save up to Rs.60,000.

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