car prices tax
Image Source: Hamari web

The Sindh Excise and Taxation Department announced new prices for several vehicles under the Finance (Supplementary) Act, 2022. These new prices are set to become the new (and one of many) thorns in our sides. Is this a never-ending accelerating curve or just a temporary rise? Let’s find out.

What Happened?

The taxation department announced that the provincial government has made changes. They have increased the tax on vehicles with higher engine capacity. The general markup on these cars is excessive for sure. 

The tax levied on cars over 1000cc has doubled: it is now Rs. 100,000 from Rs. 50,000. Moreover, the tax on vehicles ranging from 1001cc to 2000cc increased to Rs. 200,000 compared to the previous Rs100,000. Lastly, 2001cc and above vehicles come with the tax of Rs. 400,000.

Suzuki’s Price

The Suzuki Alto VX is a common car we see on our roads. However, the time has come when it will become rare too. Its price in Pakistan has been increased by Rs 32,000. This brings its price to Rs. 1,306,000 from the previous price of Rs. 1,274,000. 

car prices tax
Image Source: IncPak

The Suzuki Cultus VXR will have a price hike of Rs126,000. Now its price is Rs2,030,000 from the previous price of Rs1,904,000. Similarly, Suzuki Cultus VXL price in Pakistan has gone up to Rs. 2,105,000 from Rs139,000.

Toyota Corolla’s Price 

Toyota is also another victim of these exorbitant price hikes. The prices of Corolla Altis Grande X CVT 1.8 and Corolla Altis Grande X CVT 1.8 B have both increased by Rs100,000. These variants are now priced at Rs4.17 million and Rs4.2 million, respectively.

Read more: Aima Baig In Hot Waters For Not Paying Her Taxes

The manual version – having much less demand – of Corolla Altis X 1.6 has also become Rs81,000 more expensive. Its new price is now Rs3.38 million.

Toyota Fortuner’s Price

The big leagues are also getting hurt. The price of Fortuner 2.7 G has increased by a whopping Rs390,000. The SUV is now priced at Rs8.56 million as compared to Rs8.17 million before.

car prices tax
Image Source: Toyota India

Fortuner 2.7 V has experienced a greater price hike of Rs. 452,000. The car will now cost Rs. 9.94 million.

The price of Fortuner Legender Diesel, however, saw the highest increase which was Rs. 493,000. This variant will now cost over Rs10 million.

Toyota Yaris

Toyota Yaris ATIV CVT (Hi) and Yaris GLi CVT (Lo) will now be sold for Rs2.91 million and Rs2.81 million, respectively.

car prices tax
Image Source: About Pakistan

The new price tags of Yaris ATIV X CVT (Hi) and Yaris ATIV MT (Hi) have also increased by Rs76,000 and Rs71,000, respectively.

New Prices For Hyundai 

In addition to all those, Hyundai has also become more inaccessible. The price of the Hyundai Elantra in Pakistan has become Rs4,399,000 from the old price of Rs. 3,999,000.

Read more: Pakistani Government Increases Taxes By 50% On Automobile Import

Stay tuned to Brandsynario for the latest news and updates.