People, who are booking Toyota Corolla now, will get the delivery in first quarter of 2015 and in some cases even in the second quarter.
As a result, investors in connivance with dealers are cashing in on the late delivery situation by providing the car sooner to impatient buyers on a premium (extra money for swift delivery).
Investors after taking car delivery from the authorised showrooms of Toyota go to the unauthorised dealers who pocket hefty premiums from consumers who are keen to get new sedan promptly at any cost.
Authorised dealers of Indus Motor Company (IMC) said Toyota Corolla GLI automatic will be delivered by April 2015 in case buyers book the car today, while the customers will get GLI manual by March 2015. The delivery time of XLI, which seems not in high demand, is December 2014 while Altis Grande’s time of delivery is March 2015.
Due to long delay, the on money popularly reffered to as “Oun” on Corolla GLI automatic model ranges between Rs190,000-200,000 while on GLI manual it is Rs100,000.
Corolla XLI model attracts premium of Rs50,000 while the on money on Altis Grande is Rs300,000. Premiums also depend on colour of the car.
The price of XLI is Rs1.624 million while two models of GLI are available at Rs1.749 million to Rs1.824 million respectively. The price of different models of Altis Grande ranges between Rs2.024 million to Rs2.299 million respectively.
In contrast officials in Honda Atlas Cars said that most of the variants of Honda civic are available “ex-stocks” so there is no question of any waiting period.
