Author: K. Shahzad

Automobile

Peugeot Pakistan cars prices increased in the Feb 2023

Recently most of the auto manufacturers of Pakistan are increasing their cars and the bike prices in Pakistan due to the increased cost. The ever deteriorating Pakistani currency value, low foreign exchange reserves of the country and the resulting import restrictions, low sales due to inflation, non continuity of the govt policies are the main reason for this cost increase for the vehicle manufacturers. Anyways the price increase of Peugeot vehicles is as follows. Peugeot 2008 increase in the price Vehicle New Price Old Price Difference Peugeot 2008 Active 5,899,000 5,400,000 499,000 Peugeot 2008 Allure 6,599,000 6,100,000 499,000 Peugeot sells only one car in Pakistan which is Peugeot 2008 and actually its two variants are available which are Active and […]

Automobile

Hyundai Pakistan increases its cars prices in the Feb 2023

Recently all the automakers including the bike producers of Pakistan are increasing the prices of their cars, bikes and other vehicles due to common factors which are increasing the costs of all automakers of Pakistan. These factors include the restrictions on imports, deteriorating value of local currency and the bad shape of Pakistan’s economy right now. For the reasons, some listed above and more, Hyundai Pakistan have also announced the prices increase for its vehicles. Details of old and new ex-factory prices of Hyundai vehicles are as follows. Vehicle Make, Model & Variant New Prices Old Prices Difference Hyundai Elantra 1.6 5,699,000 5,299,000 400,000 Hyundai Elantra 2.0 6,099,000 5,699,000 400,000 Hyundai Sonata 2.0 8,649,000 8,149,000 500,000 Hyundai Sonata 2.5 9,399,000 […]

Automobile

Toyota stops its vehicles production in Pakistan for two weeks

Recently like other Pakistani automakers, Toyota Pakistan is also facing lots of issues due to bad economy and govt restrictions. Currently, as the Govt of Pakistan’s foreign exchange reserves have been on lowest of tens of years, there are many restrictions by the State Bank of Pakistan (SBP) to control the outflow of US Dollars. This resulted in difficulties for automakers, to import the Completely Knocked Down (CKD) vehicle kits, which are then used to manufacture the vehicles in Pakistan. As after not being able to import enough supplies, Toyota Pakistan have announced that they will Keep their vehicle production plants closed in Pakistan starting for two weeks starting from 1st Feb, 2023 up until the Feb 14, 2023. This […]

Automobile

Honda Pakistan bikes prices increased in the Feb 2023

Honda Atlas Pakistan have increased the prices of its bikes, for the same reason for which the whole auto industry is currently increasing the prices. This includes cost increase due to many factors including local Pakistani currency devaluation, the plant closures due to supply interruptions resulting from import restrictions due to low USD reserves and bad economy of country resulting in low sales etc. The new prices are applicable from Feb 01, 2023. The details of old and new prices are as follows. Make, Model, Variant New Prices Old Prices Difference Honda CD 70 128,900 121,500 7400 Honda CD 70 Dream 137,900 129,900 8000 Honda Pridor 170,900 161,900 9000 Honda CG125 194,900 185,900 9000 Honda CG 125 Self 230,900 219,500 […]

Automobile

KIA Pakistan cars prices increased in the Jan 2023

Pakistan auto industry is facing many challenges right now. These include bad economic situation of the country, ever deteriorating Pakistani currency against the US dollar and the steps taken by government to keep US Dollars inside country. Overall the Pakistan’s economy is facing challenges mainly due to political instability in the country, which affected the foreign exchanges reserves of country, which are at lowest right now. To keep the US Dollars in country, govt of Pakistan pun on many restriction. These restrictions are resulting in difficulties for car manufacturers of Pakistan in opening the Letters of Credits (LCs) with the local banks to import completely knocked down (CKD) vehicles kits. Which results in disruption of supplies for car manufacturing, hence […]