Hyundai Tucson Price Increased by Rs. 1,000,000

• Omar Faruq


• 21 Jul 2022

After Kia Lucky Motor, Car Price Hikes Season 3 gives a warm welcome to a new episode featuring Hyundai Nishat’s Tucson. In a notification, company has announced that new price will be implemented from July 21, 2022.

New Hyundai Tucson Price

Hyundai Tucson has observed a massive price hike of Rs. 1,000,000. As per notification, the new prices of two variants of Tucson are:

• The new price of Tucson GLS Sport (FWD) is Rs. 6,899,000 compared to Rs. 5,856,000. Means, it has seen a hike of Rs. 1,042,010.
• Meanwhile, Tucson Ultimate (AWD) will now cost Rs. 7,399,000 instead of Rs. 6,361,990. Meaning, it has observed an increase of Rs. 1,037,010۔

Revised With Holding Taxes for Filers and Non-Filers

New With Holding Taxes for filers and non-filers are:

Variants	Filers			Non-Filers
	Previous WHT	Current WHT	Difference	Previous WHT	Current WHT	Difference
Tucson (All Variants)	100,000	200,000	100,000	200,000	600,000	400,000

It should be noted that this tax is applicable on both variants of car.

Revised Freight Charges

Rupee depreciation and gain observed in dollar rate has urged the company to revise the freight charges.

Terms & Conditions:

• New RSP is applicable for all orders with Jul’22 and onwards delivery months (Allocation Month as per PBO form) as well as any other discrepant orders except those orders as mentioned below (Clause 02).
• For all those orders with tentative delivery month (Allocation Month) till Jun’22 and balance payment instrument (as per Jun’22 applicable RSP) dated till July 20, 2022 is received by the dealerships, Current RSP (Including CVT) as mentioned in table above along with revised With Holding Tax (WHT) rates and revised freights shall be applicable. The revised payment shall have to be NCS by July 29, 2022 (NCS stamp by Bank of no later than July 29, 2022) for eligibility of these RSPs, otherwise New RSP shall be applicable for these customers.
• Revised With-Holding Taxes (WHT) as per GOP regulations shall be applicable for all orders to be invoiced from July 21, 2022 (mentioned as Current WHT) in table above.
• The prices are Ex-factory Faisalabad per unit inclusive of applicable FED, Capital Value Tax (CVT), Sales Tax, & Dealer’s Commission.
• The Freight & Insurance Charges mentioned in table above are applicable for all invoicing of the orders with effect from July 21, 2022.

What do you think about this new price hike observed in prices of Hyundai Tucson. Please drop your thoughts in comment section below.