Hyundai Nishat Motors has joined the list of automakers that have revised vehicle prices following the implementation of the NEV (New Energy Vehicle) Adoption Levy, announced by the Government of Pakistan in the Federal Budget for 2025-26.
According to Hyundai’s official notice, the revised pricing effective from 1st July 2025 is solely due to the NEV Adoption Levy, with no other economic factors influencing the decision. The company clarified explicitly that this increase is strictly related to the government’s newly imposed levy.
Hyundai’s Revised Prices (Effective 1st July 2025):
| Model | Previous Price (PKR) | New Price (PKR) | Price Increase (PKR) |
| Porter Deckless | 4,299,000 | 4,345,000 | 46,000 |
| Porter Flat-Deck | 4,319,000 | 4,365,000 | 46,000 |
| Porter High-Deck | 4,339,000 | 4,385,000 | 46,000 |
| Porter Deckless with AC | 4,409,000 | 4,455,000 | 46,000 |
| Porter Flat-Deck with AC | 4,429,000 | 4,475,000 | 46,000 |
| Porter High-Deck with AC | 4,449,000 | 4,495,000 | 46,000 |
| Elantra Hybrid | 9,699,000 | 9,985,000 | 286,000 |
| Tucson Hybrid Smart | 10,999,000 | 11,220,000 | 221,000 |
| Tucson Hybrid Signature | 11,999,000 | 12,240,000 | 241,000 |
| Santa Fe Hybrid Smart | 12,990,000 | 13,250,000 | 260,000 |
| Santa Fe Hybrid Signature | 14,699,000 | 14,993,000 | 294,000 |
| Sonata 2.0 | 10,029,000 | 10,239,000 | 210,000 |
| Sonata 2.5 | 11,205,000 | 11,545,000 | 340,000 |
| Sonata N Line | 15,890,000 | 16,521,000 | 631,000* |
Note:
- Hyundai clarified that no other economic reasons were involved, and the increase is purely due to the NEV levy.
- *Only Sonata N Line got hit by external factors, Rs. 150,000 increase due to external factors and Rs. 481,000 increase due to NEV adoption levy, hence total increase on N Line is Rs. 641,000
What Exactly is the NEV Adoption Levy?
Introduced as part of the 2025-26 Federal Budget, the NEV Adoption Levy is a tax intended to accelerate the adoption of New Energy Vehicles (NEVs), including electric and plug-in hybrid vehicles. The levy ranges from 1% to 3% based on engine sizes, explicitly applied to locally manufactured petrol and diesel-powered vehicles.
The government’s intention is to encourage consumers and manufacturers to shift toward environmentally sustainable vehicle options, by increasing the cost competitiveness of electric and hybrid vehicles against conventional combustion-engine vehicles.
As Hyundai follows Changan and other automakers in raising vehicle prices, it appears evident that consumers can expect similar adjustments across the industry.
