fter prize hike saga, its time to welcome Installment and special offer series in auto industry. And not surprisingly, the reason behind it is prevailing economic fuss leading to production cuts, low sale and sales volumes. Car and bike companies left with no choice but to introduce attractive offer help buyer’s shrinking purchase power.

Toyota Indus Motor Company (IMC) and Meezan Bank Limited (MBL) have joined forces to introduce an exclusive installment plan, exclusively for the Toyota Corolla and Yaris models. This plan guarantees prompt car delivery within just 10 working days.

To benefit from this offer, interested customers can visit any authorized Toyota dealership. However, it’s important to note that only Meezan Bank cardholders are eligible to take advantage of this fantastic installment plan.

The offer comes with these benefits:

• Special discounted monthly rentals.
• Exclusive takaful rate at 1.4%.
• Toyota protection plan.
• Free 4th-year basic extended warranty.
• Priority delivery (within 10 working days).
• 50% waiver in processing fee.
• 50% waiver in early termination charges for customers who intend to terminate existing Car Ijarah to opt vehicle from the proposed MBL IMC joint campaign.

Toyota’s 6th Production cut in 2023

Earlier, Indus Motor Company announced the temporary closure of its production plant for two weeks, from July 21, 2023, to August 3, 2023. The decision of another plant shutdown came after the company faced significant challenges in importing raw materials, leading to disruptions in its supply chain.

Last month, the company faced a brief shutdown of its production plant due to similar challenges with raw material imports. However, the current situation has worsened, leaving the company with insufficient inventory levels to sustain its production activities.

The company’s secretary released a statement outlining the difficulties faced by the company and its vendors in importing raw materials and clearing consignments. Issues with opening letters of credit (LCs) and supply problems from foreign vendors are the primary factors behind these challenges, forcing the company to halt production temporarily.