Comments on: Some Car Assemblers May Exit Pakistan- Says IMC https://carspiritpk.com/some-car-assemblers-may-exit-pakistan-says-imc/?utm_source=rss&utm_medium=rss&utm_campaign=some-car-assemblers-may-exit-pakistan-says-imc Pakistan's Trusted Automobile Blog Wed, 09 Nov 2022 16:53:22 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Ali Khan https://carspiritpk.com/some-car-assemblers-may-exit-pakistan-says-imc/#comment-13053 Wed, 09 Nov 2022 16:53:22 +0000 https://carspiritpk.com/?p=60566#comment-13053 </span> <span>Talk about lying through their teeth! The delivery times of the local assemblers have always been around 6 to 8 months even in normal times. No questions asked. Who are they kidding? 🙄</span> <em>"IMC management informed that after deduction of 39% taxes and duties, the localization rate in value terms for Yaris and Corolla is around 65%. "</em> <span>OK... someone has to explain this one to me! How do tax and duties correlate with the percentage of parts localized and their value per car? 🤯</span> <span>Is this more of Toyota's "Three hybrids equals one EV" logic? 🤨</span> Pakistan's auto sector is going backwards. While other nations are expanding and truly localizing their auto industry, Pakistan is on the brink of losing companies. Localization is just a far distant rumor at this point... 😡 SHARAM!!!]]> “At current production level, IMC’s order book is filled for next 3 months. These orders can be delivered in 4-5 weeks if restriction eases, the company informed.” 🤦‍♂️
Talk about lying through their teeth! The delivery times of the local assemblers have always been around 6 to 8 months even in normal times. No questions asked. Who are they kidding? 🙄

“IMC management informed that after deduction of 39% taxes and duties, the localization rate in value terms for Yaris and Corolla is around 65%. “
OK… someone has to explain this one to me! How do tax and duties correlate with the percentage of parts localized and their value per car? 🤯
Is this more of Toyota’s “Three hybrids equals one EV” logic? 🤨

Pakistan’s auto sector is going backwards. While other nations are expanding and truly localizing their auto industry, Pakistan is on the brink of losing companies. Localization is just a far distant rumor at this point… 😡 SHARAM!!!

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