In a welcome turn of events for car enthusiasts in Pakistan, several leading car manufacturers have decided to reduce their car prices. This price adjustment comes as a result of a strengthening Pakistani Rupee (PKR) against the US Dollar (USD) in recent weeks. It’s a piece of great news for potential car buyers and existing car owners in Pakistan. Let’s explore the list of these reduced car prices and what this means for consumers.
Toyota’s Revised Prices
Indus Motor Company (IMC), one of Pakistan’s major car manufacturers, has decided to cut down the prices of its vehicles, making Toyota cars more affordable. These revised prices are effective from October 24, 2023, and here’s a glimpse of the new prices for various Toyota models
- The Toyota Yaris 1.3 MT LO now costs Rs. 4,399,000, a reduction of Rs. 100,000.
- Similarly, the Toyota Yaris 1.3 CVT LO is now priced at Rs. 4,689,000, down by Rs. 100,000.
- The Toyota Yaris 1.3 MT Hi will set you back Rs. 4,659,000, a decrease of Rs. 100,000.
- The Toyota Yaris 1.3 CVT Hi now costs Rs. 4,899,000, down by Rs. 100,000.
- The latest variant, Yaris 1.3 CVT Aero, also saw a decrease of Rs. 100,000, with a new price of Rs. 5,099,000.
- The Toyota Yaris 1.5 MT, which used to cost Rs. 5,429,000, now has a new price of Rs. 5,309,000, a reduction of Rs. 120,000.
- The Toyota Yaris 1.5 CVT now costs Rs. 5,649,000, down by Rs. 120,000.
- The revised price of Yaris 1.5 CVT Aero is Rs. 5,849,000, a decrease of Rs. 120,000.
Hyundai’s Reduced Car Prices
Hyundai Nishat Motor (Pvt.) Limited has also joined the price reduction trend, announcing significant price revisions for their cars. This decision has been influenced by the recent appreciation of the Pakistani Rupee against the US Dollar, and Hyundai Nishat is passing on the benefits to its customers. The reduced prices are effective immediately.
Here are the new prices for some of the popular Hyundai models:
- Hyundai Elantra 1.6 is now priced at Rs. 6,399,000, down from Rs. 6,599,000.
- The Elantra 2.0, previously priced at Rs. 7,130,000, now costs Rs. 6,930,000.
- Hyundai Tucson GLS is now priced at Rs. 7,165,000, down from Rs. 7,365,000.
- The Tucson GLS Sport’s price has been reduced to Rs. 8,030,000 from Rs. 8,230,000.
- The Tucson Ultimate is now priced at Rs. 8,659,000, down from Rs. 8,859,000.
- Hyundai Sonata 2.0 is now priced at Rs. 9,979,000, down from Rs. 10,329,000.
- The Sonata 2.5 is now priced at Rs. 10,930,000, down from Rs. 11,280,000.
- Hyundai Porter prices have been adjusted as well, making these commercial vehicles more affordable.
Changan’s Price Reductions
Changan Master Motors has also taken part in the price reduction trend, announcing a decrease in prices for its cars. Here are the new prices for Changan Alsvin, Oshan X7, and M9 Sherpa:
- The base Alsvin 1.3L M/T Comfort variant will now cost Rs. 3,799,000, a reduction of Rs. 350,000.
- The Alsvin 1.5L DCT Comfort is now priced at Rs. 4,349,000, down by Rs. 350,000.
- The top-of-the-line Alsvin 1.5L DCT AT Lumiere is now priced at Rs. 4,549,000, down by Rs. 450,000.
The Changan Oshan X7 Comfort variant will now cost Rs. 8,299,000, down by Rs. 250,000. The Oshan X7 FutureSense has also decreased in price, now priced at Rs. 8,949,000, down by Rs. 250,000.
Changan Sherpa (M9) has observed a reduction of Rs. 350,000, now costing Rs. 2,179,000, down from Rs. 2,529,000.
Sazgar Engineering Joins the Trend
Sazgar Engineering is the latest addition to the price reduction episode, announcing a price decrease for its SUVs, “Haval H6” and “Jolion.” This decision was prompted by the decline in the value of the USD relative to the Pakistani Rupee, and the company is passing the benefit on to its valued customers. These revised prices are effective from October 27, 2023.
Here are the new prices for Haval H6 and Jolion:
- Haval H6 1.5T now costs Rs. 9,099,000, a reduction of Rs. 400,000.
- Haval H6 2.0 is now priced at Rs. 10,449,000, down by Rs. 400,000.
- The new entrant, Haval H6 HEV, is now priced at Rs. 11,749,000, down by Rs. 400,000.
- Haval Jolion’s price is decreased by Rs. 350,000, now costing Rs. 7,949,000.
This series of price reductions from various car manufacturers is indeed welcome news for the Pakistani market, where car prices have been steadily increasing in recent years. It’s a positive development for both potential car buyers and existing car owners, making the dream of owning a car more achievable for many. The prices mentioned are ex-factory rates, and terms and conditions apply.
Terms and Conditions to Note
- The revised ex-factory prices are effective for orders invoiced on or after specific dates, depending on the manufacturer.
- Prices include applicable FED, Sales Tax, and dealer’s commission.
- Any government-imposed levies or changes in fiscal policies will be on the account of the customer.
- Local freight, local transport insurance charges, and any other related charges are exclusive of the listed prices.
- The final price at the time of delivery will be considered as conclusive.
- Additional taxes and charges may apply based on tax regulations for filers and non-filers under the Income Tax Ordinance.
This price reduction trend is a breath of fresh air for car buyers in Pakistan, offering an opportunity to own their dream cars at more affordable prices. It also reflects the adaptability of the automotive industry to economic changes and the industry’s commitment to delivering quality products to its customers at competitive prices.
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