Comments on: Indus Motor Company Suffers from 71% Profit Decline https://carspiritpk.com/indus-motor-company-suffers-from-71-profit-decline/?utm_source=rss&utm_medium=rss&utm_campaign=indus-motor-company-suffers-from-71-profit-decline Pakistan's Trusted Automobile Blog Sun, 23 Feb 2020 19:06:44 +0000 hourly 1 https://wordpress.org/?v=6.7.2 By: TiredOfThisShit https://carspiritpk.com/indus-motor-company-suffers-from-71-profit-decline/#comment-4317 Sun, 23 Feb 2020 19:06:44 +0000 https://www.carspiritpk.com/?p=30903#comment-4317 “IMC says the decline was mainly due to increase in customs duty and levy of federal excise duty. It also stated that while the increase in interest rate reduced auto financing, the devaluation of the rupee was also a factor behind the decline in sales.”

Increase in custom duty and FED levy? No.

FX? Yes however price effect does not tally with licalization claims.

Price gouging, illicit profiteering and low quality? Definitely yes.

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