It appears that the new General Sales Tax (G.S.T.) has somehow affected Hyundai Nishat Motor (Private) Limited more than other car companies, as Hyundai car prices have been increased for the second time in a week. The company increased the prices on February 22, 2022, after the government increased G.S.T. from 17% to 18%.
In its notification, the company again blamed 18% G.S.T. (S.R.O. 179(1)2023) and P.K.R. depreciation against USD for the fresh hike. “We are compelled to pass on partial cost pressures to customers for our CKD variants,” the company said.
New prices will be applicable on all new orders for April 2023 deliveries and onwards.
New Hyundai Car Prices
Here are the new prices of Hyundai cars.
Elantra New Prices
The prices for all the variants of the Hyundai Elantra have been increased.
- The price of Elantra 1.6 increased from Rs. 5,749,000 to Rs. 5,849,000. Meaning the car’s price observed a jump of Rs. 100,000.
- Similarly, the price of Elantra 2.0 got hiked from Rs. 6,154,000 to a whopping Rs. 6,349,000, highlighting an increase of Rs. 195,000.
Sonata New Prices
- Hyundai Sonata 2.0L now costs Rs. 9,129,000 instead of Rs. 8,724,000. Its price is up by Rs. 405,000.
- Moreover, the price of Sonata 2.5L is increased from Rs. 9,484,000 to Rs. 9,939,000. Meaning the price is up by Rs. 455,000.
Tucson New Prices
- Hyundai Tucson FWD used to cost Rs. 7,464,000, but after the price jump of Rs. 105,000, it has now reached Rs. 7,569,000.
- Meanwhile, Tucson AWD saw a price hike of Rs. 200,000, going from Rs. 7,969,000 to Rs. 8,169,000.
Porter H-100 New Prices
- Porter H-100 Deckless prices increased from Rs. 3,388,000 to Rs. 3,589,000. Meaning the car’s price observed a jump of Rs. 201,000.
- The price of Porter H-100 Flat Deckless got hiked from Rs. 3,408,000 to Rs.3,609,000, highlighting an increase of Rs. 201,000.
- Moreover, the price of Porter H-100 High Deck is also up by Rs. 201,000, taking its price from Rs. 3,428,000 to Rs.3,629,000.
Terms and Conditions
- The old price will be applicable on all full payment orders of February deliveries with the payment instrument till February 28, 2023.
- The old prices are applicable on all orders with March 2023 delivery if the customer submits full payment with the instrument dated within five working days, i.e., March 7, to be submitted by March 14, 2023.
- The old price is applicable on all partial payment order as of February 28, 2023 (delivery month March 2023 or before) if the customer submits the remaining payment within five working days, i.e., March 7 to be NCS by March 14, 2023. Otherwise, new prices will apply to these orders.
- The new price will be applicable on govt/corporate/fleet orders with quotations submitted by the dealerships till February 28, 2023.
- The ex-factory Faisalabad prices include FED, Sales Tax, and dealer’s commission.
- The customer will have to pay the extra amount if any change is due to new government levies (FED, CVT, etc.), tariffs, fiscal policies, import policies, etc.
- The above prices are provisional and subject to change without prior notice.
- The prices are exclusive of transportation, transit insurance charges, etc.
