Car Prices Reduced in new Pakistan Auto Policy 2021, here are full details of Policy

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Pakistan Auto Development and Export Policy 2021

Government of Pakistan have the announced the new auto and export policy 2021. There are few main purposes of this auto policy which include, brining the ever rising car prices down for end consumer, encouraging the auto makers to produce new cars in Pakistan instead of importing and selling from the abroad and finally, encouraging the auto manufacturers to not only meet the demand of local auto market but also encourage them to make extra vehicles and export them.

The new Pakistani auto policy of 2021 is appropriately named the “Pakistan Auto Development and Export Policy 2021”, it is overall 2nd auto policy of the country. First one was introduced in 2016 by PML-N led government and that too had very positive impact on local auto market and resulted in lots of new auto makers entering or reentering in Pakistani auto market. These include but are not limited to KIA, Hyundai, Chandan, Proton and many more.

Price Reductions

But coming back to Pakistan’s auto policy 2021, following are the benefits which were given in the auto policy.

  • 660 to 850 CC: For vehicles with engines from 660 to 850 CC, the Sales Tax reduced from 17% to 12.5% , additionally the FED (Federal Excise Duty) which was 2.5% is not 0%, its just removed fully. Additional Custom Duty (ACD) which was 7% is not applied to this category anymore and is now 0%
  • 851 to 1000 CC: For new category of vehicles with engine capacity up to 1000CC, the sales tax is similarly reduced from 17% to 12.5%, new FED is again 0% for this category as well. ACD, which was being charged 7% is now fully waived off to 0%.
  • Above 1001 CC: For this category no tax reduction given in sales tax. The FED is decreased by 2.5% and ACD is reduced to 2% from the older 7% which was being charged from customers.
  • Import duty reduced from 25% to just 10% on electric vehicles for Completely Built Units (CBU). Same is true for the hybrid vehicles which reduce the fuel consumption at least 30%. This Import duty is now 0% for CKD (Complete Knocked Off) Electric Vehicle Kits an which are later assembled inside the country.

Discouraging OON / Premium on top of Price

The auto policy also puts some good attention to the problem of premium earning on the vehicles which is result of supply demand gap. This is called “oon” in local language. So what investors do is, they register vehicles in advance and once they receive it, as no other option to buy car instantly is available due to supply/demand gap, they sell it instantly by charging a premium amount on car price. Some auto manufacturers and specially the show room owners also adopt and promote this practice. To discourage this all following initiatives are taken by government in this regard,

  • Car/Vehicle must only be registered in the name of person, who registered it in the first place. Otherwise, if the registrant is different he will have to pay additional fine of Rs. 50,000 to 200,000
  • Auto Manufacturers will deliver vehicles within 60 days of vehicles registration, otherwise, they will pay KIBOR + 3% interest rate on registration amount to registrant in case of delay. However, most likely this applies only in case when the vehicle was registered with full upfront payment to manufacturer.
  • Registrant will be able to see where in manufacturing stage their car is currently, via an online system to be introduced by each manufacturer.
  • If these steps still don’t work, additional steps will be taken and fine will be increased to stop the malpractice of charging premium for instant availability of vehicle.

Ensuring Car Quality and Safety Features

Auto policy also focuses on car quality and the safety features provided. For that auto manufacturers will have to at least meet the WP-29 world standard to provide enough safety features and a meet a minimum quality threshold.

Benefits for First Time Car Buyers

For people who are purchasing their first car, a car leasing scheme will also be introduced. This will have lower first payment and lower than current rates of interest. So that the people who are using the motor bikes can more easily switch to a car.

More to Come

According to Khusro Bakhtayar’s press conference on same topic, he mentioned that auto policy have much more benefits and sections which are subject to cabinet approval and will be announced in next month, which is first week of August 2021. Everything which is mentioned above is final and approved, these will details affective immediately infect right from 1st July, 2021. More expected benefits include the reduction of Customs / Import duty of JDM (Japanese Domestic Model) Cars. But import benefits will be given to the level so they do not jeopardize or affect the sales of local industry. Also, benefits to be announced include proper announcement of low interest car leasing schemes for people buying their first car and much more to be expected.

Conclusion

Finally, this auto policy is a very good step in right direction, this will boost Pakistan Auto market and will benefit the end consumers a ton. This single step addresses many concerns of Pakistan Automotive consumers which include car pricing, extra taxes, vehicle quality and malpractice of “oon” or premium charging on already hiked prices of Cars. It is also good that Pakistan Government is now determined to keep checks on auto manufacturers so that they keep the quality of vehicles up to the par and provide at least basic safety features.

New FAW Car, Van and Truck Prices in Pakistan

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Yes, you read it right, FAW motor company offers one van, one car and one mini truck to its Pakistani customers. This one is from China and recently its passenger vehicle called V2 have been appealing to the masses, as it spacious car on a very competitive price as compared to other operators in Pakistan. FAW Motor company is officially known as Al-Haj FAW motors company in Pakistan and is part of Al-Haj Group, which was found by late Haji Sakhi Gul Afridi.

FAW V2 Price in Pakistan

FAW V2 comes in Pakistan in a single Trim. It is recently being more and more popular with people and quite a few are seen on roads, every time you get out to a highway or a city road. Though its a Chinese company, people have started having some confidence in their products, the price of trim/variant offered to Pakistanis is as follows,

Make/Model/TrimEx-Factory Price
FAW V2 VCT-i1,289,000

FAW X-PV Van Prices in Pakistan

FAW X-PV is a 5 door mini van with quite a few very good options. It houses eight people in total, there are multiple variants available to Pakistani customers of FAW. Their trims and prices are as follows,

Make/Model/TrimEx-Factory Price
FAW X-PV Dual AC1,094,000
FAW X-PV Standard1,034,000
FAW X-PV Power Edition1,119,000

FAW Carrier Prices in Pakistan

This is a 1000 cc carrier offered by FAW motors Pakistan. Officially, it is build to carry weight of one ton. Again there are three variants are available to purchase in Pakistan, which are priced as following in local currency

Make/Model/TrimEx-Factory Price
FAW Carrier Deckless919,000
FAW Carrier Flatbed929,000
FAW Carrier Standard939,000

FAW also sells some heavy vehicles, for which they have no listed prices but their nationwide dealerships can be contacted in this regard.

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New Suzuki Cars Prices in Pakistan

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Again the Suzuki is also in big three manufacturers of cars in Pakistan. They are called “Pak Suzuki” in Pakistan. Recently they have celebrated the 2 millionth car production in Pakistan and count continues to rise. Recently they have stopped production of their most popular car ‘Suzuki Mehran’ after producing over 700 thousand units. Latest prices of the Suzuki cars are as follows.

Suzuki Mehran Prices in Pakistan

Although just recently Pak Suzuki have stopped the production of its Mehran cars, however, the units already produced will be sold. Also the orders/bookings received until the 4th of April 2019 will be fulfilled. Suzuki Mehran falls in 800 CC engines category. So most recent prices of Suzuki Mehran variants are as follows.

Make/Model/TrimEx-Factory Price
Suzuki Mehran VX Euro II799,000
Suzuki Mehran VX Euro II Limited Edition825,000
Suzuki Mehran VXR Euro II880,000

Suzuki Wagon R Prices in Pakistan

In 1000 CC engines category, Pak Suzuki is offering the Wagon R as basic model. Different variants of Wagon R cost as follows, right out of the factory.

Make/Model/TrimEx-Factory Price
Suzuki Wagon R VXL1,344,000
Suzuki Wagon R VXR1,264,000

Suzuki Cultus Prices in Pakistan

Yes, as we said, Pak Suzuki have more to offer in 1000 CC engines category. So the new second generation Suzuki Cultus is the second offering in this category. Globally, this car is known as Suzuki Celerio. Prices of its available variants are as follows.

Make/Model/TrimEx-Factory Price
Suzuki Cultus VXR1,440,000
Suzuki Cultus VXL1,551,000
Suzuki Cultus Auto Gear Shift1,638,000

Suzuki Swift Prices in Pakistan

After the 1000 CC engines category, next upgrade from Pak Suzuki is offered is 1300 CC Suzuki Swift. Prices of its all variants or trims available in Pakistan are as follows in local currency.

Make/Model/TrimEx-Factory Price
Suzuki Swift DLX 1.3 Navigation1,555,000
Suzuki Swift DLX Automatic 1.3 Navigation1,691,000

Suzuki Ciaz Prices in Pakistan

Next offering in Pak Suzuki arsenal is Suzuki Ciaz, it comes with engine displacement of 1373 CC. There are two variants available in Pakistan right now and there prices are as follows.

Make/Model/TrimEx-Factory Price
Suzuki Ciaz Automatic2,300,000
Suzuki Ciaz Manual2,160,000

Suzuki Bolan Prices in Pakistan

This the entry level van offered by Pak Suzuki with most basic features. It have two variants available in Pakistan, one is for passengers and second one is for cargo. Prices of its two available variants or trims are as follows.

Make/Model/TrimEx-Factory Price
Suzuki Bolan VX Euro II874,000
Suzuki Bolan Cargo Van Euro ll840,000

Suzuki APV Price in Pakistan

This is Pak Suzuki’s answer to demand for luxury vans. Obviously an upgrade to its own Suzuki Bolan and obviously just available for passengers. Single trim of Suzuki APV is available in Pakistan and price is as follows.

Make/Model/TrimEx-Factory Price
Suzuki APV GLX3,140,000

Suzuki Jimny Price in Pakistan

Pak Suzuki offers third generation Suzuki Jimny to its customers. This generation was first introduced in 1998. This is a four wheel drive mini SUV. Falls under three door category. Just one variant is offered here in Pakistan and price is as follows.

Make/Model/TrimEx-Factory Price
Suzuki Jimny JLDX2,493,000

Suzuki Ravi Price in Pakistan

Another very successful vehicle offered by Pak Suzuki here in Pakistan. It mini truck used for cargo or loading. You will see many on crowded roads every second. Again just one Trim is available here in Pakistan and price of it is as follows.

Make/Model/TrimEx-Factory Price
Suzuki Ravi Euro ll796,000

Suzuki Mega Carry Xtra Price in Pakistan

This is the latest addition to Pak Suzuki vehicles for cargo or loading purposes. This one is much bigger than Suzuki Ravi and bit smaller than the Hyundai Shehzor or it just competes it. Again, just one trim of it, is available, which is priced as follows.

Make/Model/TrimEx-Factory Price
Suzuki Mega Carry Xtra Manual1,299,000

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Prices of New Toyota Cars, Vans, Trucks and SUVs in Pakistan

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Earlier we have shared the new car prices of Honda cars with you, which we will keep updating. However, today we are here with prices of cars another manufacturer, who is also one of big three car sellers of all time, in Pakistan. However, on world stage, Toyota is much bigger than any car manufacturer and seller who is operating in Pakistan, in terms of vehicles delivered world wide in recent years.

Prices of new Toyota vehicles available officially are as follows. Prices are most current as per March 2019. They will be updated as soon as Toyota changes any of them.

New Toyota Corolla Prices in Pakistan

Toyota Corolla is the best selling car of Toyota, from the ones officially launched here. Same is the reason Toyota have currently ten different trims or variants launched and up for grabs, in Pakistan.

Make/Model/TrimEx-Factory Price
Toyota Corolla Altis 1.82,957,900
Toyota Corolla Altis Automatic 1.62,599,000
Toyota Corolla Altis CVT-i 1.83,095,400
Toyota Corolla Altis Grande 1.83,150,400
Toyota Corolla Altis Grande CVT-i 1.83,298,900
Toyota Corolla GLi 1.3 VVTi2,324,000
Toyota Corolla GLi 1.3 VVTi Special Edition2,373,000
Toyota Corolla GLi Automatic 1.3 VVTi2,399,000
Toyota Corolla XLi Automatic2,144,000
Toyota Corolla XLi VVTi2,069,000

New Toyota Prius Price in Pakistan

Yes Toyota have its hybrid sedan called Prius launched officially in Pakistan. Otherwise, it have been and even currently it also comes into country via direct import from Japan. But obviously here, we will share the prices of new, which is launched officially.

Make/Model/TrimEx-Factory Price
Toyota Prius S6,625,300

New Toyota Hilux Prices in Pakistan

Toyota Hilux comes in both double cabin as well as single cabin in Pakistan. Single cabin is mostly used as mini-truck for loading etc but the double cabin is more used as passenger vehicle as per trend in Pakistan. And obviously it have huge advantage of extra loading space behind. So its like both, the higher passenger capacity as well humongous loading space as compared to car or even a sedan specifically.

Make/Model/TrimEx-Factory Price
Toyota Hilux 4X2 Single Cab Deckless2,764,000
Toyota Hilux 4×2 Single Cab Standard3,019,000
Toyota Hilux 4×2 Single Cab Up Spec3,049,000
Toyota Hilux 4×4 Single Cab Standard 2.84,225,000
Toyota Hilux E 2.84,615,000
Toyota Hilux Revo G 2.84,885,000
Toyota Hilux Revo G Automatic 2.85,115,000
Toyota Hilux Revo V Automatic 2.85,435,000

New Toyota Avanza Price in Pakistan

Toyota Avanza is a new seven seater MPV recently launched in Pakistan by Toyota. Just one trim or variant of Avanza is available to purchase in Pakistan. Price is as follows.

Make/Model/TrimEx-Factory Price
Toyota Avanza Up Spec 1.54,326,000

New Toyota Fortuner Prices in Pakistan

You can call Toyota Fortuner a budget SUV, as it is not as costly as the Land Cruiser or Land Cruiser Prado. Two trims or variants of Toyota Fortuner are launched and available in Pakistan right now. Prices are as follows.

Make/Model/TrimEx-Factory Price
Toyota Fortuner 2.7 VVTi7,038,900
Toyota Fortuner 2.8 Sigma 47,511,900

New Toyota Camry Prices in Pakistan

Toyota Camry is high end luxury sedan, of those which are launched here in Pakistan by Toyota. It is the 2500 CC engine car, which ticks all boxes as per features and luxury. Currently two trims are available for you to buy.

Make/Model/TrimEx-Factory Price
Toyota Camry High Grade13,224,000
Toyota Camry Low Grade12,523,500

New Toyota Hiace Prices in Pakistan

Anyone who is living, lived or even visited Pakistan, knows that the Toyota Hiace is number one choice of Pakistanis when it comes to passenger vans. Even if its public transport, government department transports, private company transport for employees or any other transport involving the vans, the Toyota Hiace is and have been the number one choice of Pakistanis. Even for travels and tours the Hiace is most commonly used vehicle when a small group of people have to travel, specially for tours the Hi Roof version of Toyota Hiace is more common choice of Pakistanis.

Prices of different variants of Toyota Hiace, which are available in Pakistan, are as follows.

Make/Model/TrimEx-Factory Price
Toyota Hiace Hi Roof 2.5 Up spec5,775,000
Toyota Hiace Mid-Roof 2.75,127,500
Toyota Hiace Standard 2.54,687,000
Toyota Hiace Standard 2.74,427,000
Toyota Hiace Standard Ambulance 3.06,349,000
Toyota Hiace Up spec 2.54,920,000
Toyota Hiace Up Spec 2.74,620,000

Toyota Land Cruiser Prices in Pakistan

Toyota Land Cruiser is one of the most luxurious SUVs, of those which are launched in Pakistan. Even in the world it is in the top few names, when it comes to SUVs. By the way, there are three variants or Trims of Land Cruiser which are launched in Pakistan. These and their prices are as follows.

Make/Model/TrimEx-Factory Price
Toyota Land Cruiser GX-R33,045,500
Toyota Land Cruiser VX 4.5D38,849,000
Toyota Land Cruiser VX 4.640,250,500

Toyota Prado Prices in Pakistan

Prado series of Toyota SUVs is also a big names and among the top. However, it is several million Rupees cheaper than the normal Land Curiser Series. The variants and prices of Prado available in Pakistan are as follows.

Make/Model/TrimEx-Factory Price
Toyota Prado TX 3.0D22,146,500
Toyota Prado VX 3.031,140,000
Toyota Prado VX 4.032,546,500

Toyota Rush Prices in Pakistan

Toyota Rush is compact SUV and its second generation is available for purchase in Pakistan, I mean, from Toyota officially. Available trims and prices of Toyota Rush in Pakistan are as follows.

Make/Model/TrimEx-Factory Price
Toyota Rush G A/T 4,286,500
Toyota Rush G M/T 4,136,500

Again, we promise to keep these prices updated. Do follow us on twitter and Like our Page on Facebook, from options on right side of this page, so that you can see all the updates regarding this.

New Car Prices of Honda Cars in Pakistan

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Honda is one of three biggest and oldest car selling companies in Pakistan. Here we are with the latest prices of Honda cars in Pakistan.

All car prices are current and we promise to keep them updated. So Honda Car Prices in Pakistan are as follows. (Last Updated: March 2019)

New Honda Civic Price in Pakistan

Total three variants of Honda Civic were launched recently and are available in Pakistan, prices of which are as follows.

Make/Model/Trim Ex-Factory Price
Honda Civic 1.8 i-VTEC CVT 3,134,000
Honda Civic Oriel 1.8 i-VTEC CVT 3,299,000
Honda Civic Turbo 1.5 VTEC CVT 3,505,000

New Honda City Price in Pakistan

Currently Six variants of Honda City are officially launched and available in Pakistan, local prices of which are as follows.

Make/Model/TrimEx-Factory Price (PKR)
Honda City 1.3 i-VTEC 1,854,000
Honda City 1.3 i-VTEC Prosmatec 1,994,000
Honda City 1.5 i-VTEC 1,914,000
Honda City 1.5 i-VTEC Prosmatec2,054,000
Honda City Aspire 1.5 i-VTEC 2,064,000
Honda City Aspire Prosmatec 1.5 i-VTEC2,204,000

New Honda BR-V Price in Pakistan

Three Variants of Honda BR-V launched and available Pakistan, the prices of which are as follows.

Make/Model/TrimEx-Factory Price
Honda BR-V i-VTEC2,384,000
Honda BR-V i-VTEC MT2,234,000
Honda BR-V i-VTEC S2,484,000

New Honda CR-V Price in Pakistan

Just one trims or variant of CR-V is available in Pakistan right now. Price of which is as follows.

Make/Model/TrimEx-Factory Price
Honda CR-V 2.0 CVT 10,700,000

New Honda HR-V Price in Pakistan

Also for Honda HR-V only one Variant of HR-V was launched in Pakistan. Price of which is as follows.

Make/Model/TrimEx-Factory Price
Honda HR-V CVT 4,799,000

New Honda Accord Price in Pakistan

Also for Honda Accord the Honda have launched only on trim in Pakistan, price of which is as follows.

Make/Model/TrimEx-Factory Price
Honda Accord VTi 2.413,750,000

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