Hyundai Nishat Motor has announced to increase Hyundai car prices up to Rs0.59 million. Hyundai Sonata now costs Rs10. 53 million.
The revised prices of KIA vehicles have been effective from March 13, 2023.
Hyundai raised the car prices after imposition of 25 per cent sales tax on cars with engine capacity of 1400cc and above.
FBR issued the following list containing details of locally manufactured cars on which sales tax at 25 per cent will be applied.
- Locally manufactured or assembled SUVs and CUVs.
- Locally manufactured or assembled vehicles having engine capacity of 1400cc and above.
- Locally manufactured or assembled double cabin (4×4) pick-up vehicles.
Moreover, the uncertain economic situation of the country and volatile exchange rate has increased cost of production of Hyundai, compelling it to increase retail selling prices and pass on the burden to market.
Following are the increased prices for all variants of Hyundai Elantra:
The price of Hyundai Elantra 1.6 has been increased by Rs350,000 to Rs6,199,000 as compared to previous price tag of Rs5,849,000.
The price of Hyundai Elantra 2.0 has been increased by Rs381,000 to Rs6,730,000 as compared to previous price tag of Rs6,349,000.
Following are the increased prices for all variants of Hyundai Tucson:
The price of Hyundai Tucson GLS Sport FWD has been increased by Rs461,000 to Rs8,030,000 as compared to previous price tag of Rs7,569,000.
The price of Hyundai Tucson Ultimate AWD has been increased by Rs490,000 to Rs8,659,000 as compared to previous price tag of Rs8,169,000.
Following are the increased prices for all variants of Hyundai Sonata:
The price of Hyundai Sonata 2.0 has been increased by Rs550,000 to Rs9,679,000 as compared to previous price tag of Rs9,129,000.
The price of Hyundai Sonata 2.5 has been increased by Rs591,000 to Rs10,530,000 as compared to previous price tag of Rs9,939,000.
READ MORE: Lucky Motors jacks up KIA car prices up to Rs0.59 million
