Toyota suspends dealers' registration to crush ‘OWN’ business

KARACHI – Toyota Indus Motors Company (IMC) has suspended the registration of two dealers and slapped one of the dealers with Rs2 million fine upon involving in ‘OWN money’ business.

According to sources, Toyota IMC has suspended the registration of Toyota HN Motors and Toyota Sargodha Motors and has fined Toyota Garden Motors with PKR 2 million.

Toyota Sargodha Motors avoided commenting on the issue, while Toyota HN motors, however, confirmed their suspension and are no longer registered as an authorized IMC dealer.

Meanwhile, Toyota Garden Motors denied reports regarding a fine of Rs 2 million. IMC is expected to make an official response so details are still uncertain.

https://en.dailypakistan.com.pk/business/toyota-cancels-over-thousand-orders-to-crush-own-business/

Previously, IMC canceled around 1,300 bookings after finding them to be made by ‘potential investors’ and even refunded the money paid for the orders – this was done to prevent those investors from securing commission and extra profit from selling these vehicles.