Tag: New Car Prices Pakistan

Just recently in the Jan 2023 Honda Pakistan had increased its cars’ prices, however, in Feb 2023 Honda is again forced to increase their car prices due to the difficulties which the whole auto industry of Pakistan is facing. These difficulties include the increase of cost of making vehicles due to the local currency devaluation against international currencies like US Dollar. Difficulties like hurdles in opening Letter of Credits (LCs) for the import of car kits. Anyways, Honda has once again announced a price hike in the prices of its cars. Details of new and old prices are as follows. Car Make Model New Price Old Price Increase Honda Civic Standard (Automatic, Petrol) 7,299,000 6,849,000 450,000 Honda Civic Oriel (Automatic, […]

Currently Pakistan’s economy is not doing very well. The currency value is depreciating fast. There are restrictions on all kinds of imports including completely knocked down (CKD) vehicles. Some direct and some due to restrictions and difficulting in opening of the Letters of credits (LCs) for imports. These all factors have increased the costs of all the auto manufacturers of Pakistan. Which have resulted in almost all companies increasing their vehicle prices. In a similar move Haval Pakistan have recently increased its vehicle prices in Pakistan. Details of these increases are as follows. Haval H6 Prices Increased Vehicle Current Price Old Price Difference Haval H6 1.5 8,449,000 7,425,000 1,024,000 Haval H6 2.0 9,649,000 8,499,000 1,150,000 Haval H6 HEV 10,995,000 9,749,000 […]

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 […]

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 […]

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 […]