These Are the Expected Reduced Prices of All Cars in Pakistan
Posted by WALEED SHAH
The all-new auto policy has been a bearer of gifts and good news for automakers, both new and old.
With the intent to promote the sales and purchases of smaller and more environmentally friendly vehicles, the government has announced a number of duties and tax rate reliefs, so as for all automakers to begin manufacturing and selling cars with engine displacement up to 1000cc, hybrid vehicles, and electric vehicles (EVs) in Pakistan.
However, the incentives are not just limited to EVs and 1000cc vehicles. The government has also reduced Federal Excise Duty (FED) by 2.5 percent for vehicles with an engine displacement over 1000cc. The FED rates, in particular, have been impacted as follows:
For 660cc to 1000cc vehicles, the FED has gone down from 2.5 percent to 0 percent. The said segment also gets a concession of 4.5 percent on the General Sales Tax, which implies that the on-ground price discount for the said segment should be slightly less than 7 percent.
For 1001cc to 2000cc vehicles, the FED has gone down from 5.0 percent to 2.5 percent.
For vehicles over 2000cc, the FED has gone down from 7.5 percent to 5 percent.
The said concessions are likely to have a direct impact on the vehicle prices across the board in Pakistan. For vehicles with engine displacement over 1000cc, the 2.5 percent reduction in the FED rates is likely to result in a price discount of up to 2.33%-2.38%.
With that said, here are the expected reduced prices of all locally assembled passenger vehicles:
Pak-Suzuki Motor Company:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Alto VX
660
Rs. 1,198,000
Rs. 74,172
Rs. 1,123,828
Alto VXR
660
Rs. 1,433,000
Rs. 88,722
Rs. 1,344,278
Alto AGS
660
Rs. 1,633,000
Rs. 101,105
Rs. 1,531,895
Wagon R VXR
1000
Rs. 1,640,000
Rs. 101,538
Rs. 1,538,462
Wagon R VXL
1000
Rs. 1,730,000
Rs. 107,110
Rs. 1,622,890
Wagon R AGS
1000
Rs. 1,890,000
Rs. 117,016
Rs. 1,772,984
Cultus VXR
1000
Rs. 1,780,000
Rs. 110,206
Rs. 1,669,794
Cultus VXL
1000
Rs. 1,970,000
Rs. 46,904
Rs. 1,923,096
Cultus AGS
1000
Rs. 2,130,000
Rs. 131,876
Rs. 1,998,124
Bolan Passenger Van
800
Rs. 1,134,000
Rs. 70,210
Rs. 1,063,790
Swift DLX M/T
1300
Rs. 2,030,000
Rs. 48,333
Rs. 1,981,667
Swift A/T+Nav
1300
Rs. 2,210,000
Rs. 52,619
Rs. 2,157,381
Toyota Indus Motors:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Expected Price
Price Difference
Corolla Altis X 1.6 M/T
1600
Rs. 3,219,000
Rs. 3,142,358
Rs. 76,642
Corolla Altis X 1.6 CVT
1800
Rs. 3,369,000
Rs. 3,288,786
Rs. 80,214
Corolla Altis X 1.8 M/T
1800
Rs. 3,549,000
Rs. 3,464,501
Rs. 84,499
Corolla Altis X 1.8 A/T
1800
Rs. 3,699,000
Rs. 3,610,929
Rs. 88,071
Corolla Altis Grande X 1.8 CVT-i Beige Interior
1800
Rs. 3,979,000
Rs. 3,884,263
Rs. 94,737
Corolla Altis Grande X 1.8 CVT-i Black Interior
1800
Rs. 3,999,000
Rs. 3,903,786
Rs. 95,214
Yaris GLI 1.3 M/T
1300
Rs. 2,509,000
Rs. 2,449,262
Rs. 59,738
Yaris ATIV 1.3 M/T
1300
Rs. 2,619,000
Rs. 2,556,643
Rs. 62,357
Yaris GLI 1.3 CVT
1300
Rs. 2,689,000
Rs. 2,624,977
Rs. 64,023
Yaris ATIV 1.3 CVT
1300
Rs. 2,769,000
Rs. 2,703,072
Rs. 65,928
Yaris ATIV X 1.5 M/T
1500
Rs. 2,829,000
Rs. 2,761,643
Rs. 67,357
Yaris ATIV X 1.5 CVT
1500
Rs. 2,999,000
Rs. 2,927,596
Rs. 71,404
Fortuner 2.7 G
2700
Rs. 7,999,000
Rs. 7,812,001
Rs. 186,999
Fortuner 2.7 VVT-i
2700
Rs. 9,299,000
Rs. 9,081,610
Rs. 217,390
Fortuner TRD Sportivo
2800
Rs. 9,399,000
Rs. 9,179,273
Rs. 219,727
Fortuner 2.8 Sigma 4
2800
Rs. 9,649,000
Rs. 9,423,428
Rs. 225,572
Hilux E
2800
Rs. 5,959,000
Rs. 5,819,692
Rs. 139,308
Hilux Revo G M/T
2800
Rs. 6,549,000
Rs. 6,395,899
Rs. 153,101
Hilux Revo G A/T
2800
Rs. 6,899,000
Rs. 6,737,717
Rs. 161,283
Hilux Revo V A/T
2800
Rs. 7,499,000
Rs. 7,323,690
Rs. 175,310
Honda Atlas Cars:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Civic 1.8 i-VTEC CVT
1800
Rs. 3,729,000
Rs. 88,785
Rs. 3,640,215
Civic Oriel 1.8 i-VTEC CVT
1800
Rs. 3,979,000
Rs. 94,737
Rs. 3,884,263
Civic Oriel 1.5 Turbo VTEC
1500
Rs. 4,449,000
Rs. 105,928
Rs. 4,343,072
Civic Oriel 1.5 RS Turbo
1500
Rs. 4,699,000
Rs. 111,880
Rs. 4,587,120
Honda BR-V i-VTEC M/T
1500
Rs. 3,159,000
Rs. 75,214
Rs. 3,083,786
Honda BR-V i-VTEC A/T
1500
Rs. 3,319,000
Rs. 79,023
Rs. 3,239,977
Honda BR-V i-VTEC S A/T
1500
Rs. 3,479,000
Rs. 82,833
Rs. 3,396,167
KIA Lucky Motors:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Picanto M/T
1000
Rs. 1,899,000
Rs. 117,574
Rs. 1,781,426
Picanto A/T
1000
Rs. 2,049,000
Rs. 126,861
Rs. 1,922,139
Sportage Alpha
2000
Rs. 4,449,000
Rs. 104,737
Rs. 4,294,263
Sportage FWD
2000
Rs. 4,399,000
Rs. 116,642
Rs. 4,782,358
Sportage AWD
2000
Rs. 5,399,000
Rs. 128,547
Rs. 5,270,453
Sorento FWD
2400
Rs. 6,999,000
Rs. 163,621
Rs. 6,835,379
Sorento AWD
2400
Rs. 7,999,000
Rs. 186,999
Rs. 7,812,001
Sorento V6 FWD
3500
Rs. 8,399,000
Rs. 196,350
Rs. 8,202,650
Hyundai Nishat:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Elantra GLS
2000
Rs. 4,049,000
Rs. 96,404
Rs. 3,952,596
Tucson GLS Sport
2000
Rs. 5,099,000
Rs. 121,404
Rs. 4,977,596
Tucson Ultimate
2000
Rs. 5,599,000
Rs. 133,309
Rs. 5,465,691
Master Changan Motors:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Karvaan Base Variant
1000
Rs. 1,490,000
Rs. 92,251
Rs. 1,397,749
Karvaan Plus
1000
Rs. 1,640,000
Rs. 101,538
Rs. 1,538,462
Alsvin 1.37 Comfort M/T
1400
Rs. 2,199,000
Rs. 52,357
Rs. 2,146,643
Alsvin 1.37 Comfort DCT
1400
Rs. 2,449,000
Rs. 58,309
Rs. 2,390,691
Alsvin 1.5 Lumiere DCT
1500
Rs. 2,650,000
Rs. 63,095
Rs. 2,586,905
Al-Haj Proton:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Saga 1.3 Standard M/T
1300
Rs. 1,975,000
Rs. 47,023
Rs. 1,927,977
Saga 1.3 Standard A/T
1300
Rs. 2,125,000
Rs. 50,595
Rs. 2,074,405
Saga 1.3 R3 M/T
1300
Rs. 2,175,000
Rs. 51,785
Rs. 2,123,215
Saga 1.3 Ace A/T
1300
Rs. 2,225,000
Rs. 51,785
Rs. 2,172,024
Saga 1.3 R3 A/T
1300
Rs. 2,425,000
Rs. 57,738
Rs. 2,367,262
X70 Executive AWD
1500
Rs. 4,690,000
Rs. 111,666
Rs. 4,578,334
X70 Premium FWD
1500
Rs. 4,990,000
Rs. 118,809
Rs. 4,871,191
Morris Garages Pakistan:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
MG HS 1.5T
1500
Rs. 5,749,000
Rs. 136,880
Rs. 5,612,120
MG ZS 1.5
1500
Rs. 4,099,000
Rs. 97,595
Rs. 4,001,405
United Motors:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Bravo
1000
Rs. 1,099,000
Rs. 68,043
Rs. 1,030,957
Alpha
800
Rs. 1,445,000
Rs. 89,465
Rs. 1,355,535
Prince-DFSK:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Pearl M/T
800
Rs. 1,149,000
Rs. 71,139
Rs. 1,077,861
Glory 580 1.5 M/T
1500
Rs. 4,049,000
Rs. 96,404
Rs. 3,952,596
Glory 580 1.5 CVT
1500
Rs. 4,299,000
Rs. 102,356
Rs. 4,196,644
Glory 580 1.8 CVT
1800
Rs. 4,449,000
Rs. 105,928
Rs. 4,343,072
Glory 580 Pro 1.5T CVT
1500
Rs. 4,699,000
Rs. 111,880
Rs. 4,587,120
Haval:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
Jolion Top
1500
Rs. 5,725,000
Rs. 136,309
Rs. 5,588,691
H6
1500
Rs. 6,495,000
Rs. 154,642
Rs. 6,340,358
Isuzu:
Vehicles
Engine Displacement (Cubic Capacity)
Current Price
Price Reduction
Expected Price
D-Max Hi-Lander Double Cab Standard
2500
Rs. 5,700,000
Rs. 133,253
Rs. 5,566,747
D-Max V-Cross M/T
3000
Rs. 6,600,000
Rs. 154,293
Rs. 6,445,707
D-Max V-Cross A/T
3000
Rs. 6,960,000
Rs. 162,709
Rs. 6,797,291
Verdict
Bear in mind that these are only the expected prices and none of the automakers have announced any price reduction just yet. However, with the reduction of FED and GST on the imports of CKD kits of all vehicles (just the FED on vehicles with engines bigger than 1000cc), along with a reduction in ACD and reduced taxes on parts manufacturers, the production costs of these vehicles should be reduced significantly and should have a trickle-down effect on the price reduction as well.
With the said concessions in place for small vehicles, it is being speculated that there is set to be a huge influx of new small and hybrid vehicles in the market, which certainly bodes well for the Pakistani auto industry.
More competition in the market will likely give rise to the culture whereby the automakers will try to outdo each other by offering desirable and better-quality products to grab the lion’s share in the market.
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