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Introduction:
Toyota Indus Motor Company (IMC) has teamed up with Meezan Bank Limited (MBL) to introduce a new installment plan exclusively for Toyota Corolla and Yaris models. The plan offers special benefits and ensures quick car delivery within 10 working days, promising an exciting opportunity for car enthusiasts in Pakistan.
Features of the Installment Plan:
The installment plan, available at all authorized Toyota dealerships, is exclusively designed for Meezan Bank cardholders. Customers who opt for this plan will enjoy a range of benefits, including:
- Special discounted monthly rentals, making car ownership more affordable.
- An exclusive takaful rate at 1.4%, ensuring comprehensive insurance coverage.
- Toyota protection plan to safeguard the car against unforeseen events.
- Free 4th-year basic extended warranty, adding value to the purchase.
- Priority delivery within 10 working days, reducing waiting times significantly.
- 50% waiver in processing fees, easing the financial burden.
- 50% waiver in early termination charges for customers who wish to upgrade from their existing Car Ijarah to avail the proposed MBL IMC joint campaign.
Production Pause Challenges:
However, amidst this exciting campaign, Toyota Indus Motor Company faces its 6th production pause in 2023 due to a shortage of parts and inventory caused by import restrictions. The assembly plant will remain closed from July 21 to August 3, as the company grapples with supply chain challenges. Similar issues are being faced by other car companies in Pakistan, with many automakers reportedly facing the threat of closure.
Pak Suzuki Extends Shutdown of Automobile and Motorcycle Plant
Conclusion:
The partnership between Toyota Indus Motor Company and Meezan Bank brings an excellent opportunity for car enthusiasts to own a Toyota Corolla or Yaris with added benefits and priority delivery. However, the challenges posed by import restrictions continue to impact production, leading to multiple production halts. As customers explore the installment plan, it remains to be seen how the industry tackles the supply chain disruptions to ensure a steady flow of vehicles in the market.
