Hyundai Nishat Motor has announced to increase Hyundai car prices for second time in March 2023. The company had first increased its car prices on March 13, 2023.
The revised prices of Hyundai vehicles had been effective from March 17, 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 Rs400,000 to Rs6,599,000 as compared to previous price tag of Rs6,199,000.
The price of Hyundai Elantra 2.0 has been increased by Rs400,000 to Rs7,130,000 as compared to previous price tag of Rs6,730,000.
Following are the increased prices for all variants of Hyundai Tucson:
The price of Hyundai Tucson GLS Sport FWD has been increased by Rs200,000 to Rs8,230,000 as compared to previous price tag of Rs8,030,000.
The price of Hyundai Tucson Ultimate AWD has been increased by Rs200,000 to Rs8,859,000 as compared to previous price tag of Rs8,659,000.
Following are the increased prices for all variants of Hyundai Sonata:
The price of Hyundai Sonata 2.0 has been increased by Rs650,000 to Rs10,329,000 as compared to previous price tag of Rs9,679,000.
The price of Hyundai Sonata 2.5 has been increased by Rs750,000 to Rs11,280,000 as compared to previous price tag of Rs10,530,000.
Following are the increased prices for all variants of Hyundai Porter H-100:
The price of Hyundai Porter Deckless has been increased by Rs200,000 to Rs3,789,000 as compared to previous price tag of Rs3,589,000.
The price of Hyundai Porter Flat-Deck has been increased by Rs200,000 to Rs3,809,000 as compared to previous price tag of Rs3,609,000.
The price of Hyundai Porter High-Deck has been increased by Rs200,000 to Rs3,829,000 as compared to previous price tag of Rs3,629,000.
READ MORE: Hyundai announces massive hike in car prices after increase in sales tax
