Given the recent price decrease series, Hyundai Nishat didn’t agree to follow the trend. But after days, the company came with a slight relief.
The company’s notification stated that after the incumbent government has removed the applicability of Capital Value Tax (CVT) on commercial vehicles, we have decided to trickle down the effect to the consumers. In the process, Hyundai Nishat has announced a decrease in Porter’s prices.
New Prices
Here are the new prices of Hyundai Porter
Reason Behind Not Decreasing the Prices
Even though some major market players have reduced car prices due to the appreciation of the Pakistani Rupee, Hyundai has announced not to do so.
Company stated that, in comparison with other car companies, its price revisions have been the lowest in the industry. Even after other companies decreased their prices, Hyundai’s rate was still lower than theirs. While others increased prices to a whopping 22-24%, Hyundai only applied an increase of 13%.
Moreover, the company also mentioned how they have not suspended order intake for any of their vehicles, unlike other companies (like Toyota). This is another major difference between Hyundai and its competitors. Hyundai has not failed to meet the public demand and sees that as a major advantage in the market right now.
Terms and Conditions:
- Revised RSP is applicable to all new order intake and pending orders (including partial payments) as of Sept. 07, 2022 for Porter H-100 variants.
- For all Porter orders invoiced from August 22, 2022 and onwards, the Revised RSP shall be applicable.
- The prices are Ex-factory Faisalabad per unit inclusive of applicable FED, Sales Tax, & Dealer’s commission.
- Any impact on prices due to changes in government levies (including FED, CVT etc.), tariff, fiscal policies, import policies, etc. shall be on account of customer.
