Locally made car prices may increase

12 28

Local automakers have been raging about the new budget because it does not favor them and infact, the new budget has seen some revisions which may lead to increase in car prices.

The government has revised different tax slabs on registration of the vehicle which range from Rs 12,000 to Rs 80,000 depending upon the displacement (cc) of the vehicles engine.

Moreover, the government has proposed to add a new tax on the purchase of jeeps and cars which ranges from Rs 10,000 and Rs 150,000 depending on the engine capacity.

A 10 percent federal excise duty (FED) will also be imposed on vehicles with engines larger then 1800cc regardless of whether they are imported or locally made.

An auto analyst said that the local automakers and importers have both transferred any additional tax or duty imposed by the government to the buyers and the new taxes and duties introduced may increase car prices from Rs 5,000 to Rs 65,000.

Even All Pakistan Motor Dealers Association (APMDA) Chairman HM Shahzad doesn’t seem so happy about the exemption of duties on Hybrid vehicles saying that the government’s decision to release cars duty free will only be limited to those falling under 1200cc and that there’s only one Chinese company who make a Hybrid with a 1200cc engine so the policy remains suspicious to them.

 

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12 Comments
  1. Haseeb Chohan says

    so what will b the price of jazz after that budget shit in pakistan.

  2. Nauman Tariq Qureshi says

    dude your so wrong again check this offical link!
    as JAZZ HYBRID is 1.3L – 1339cc 😀

    http://jazz.honda.com.au/range-pricing_compare-specifications_jazz-hybrid.aspx

  3. Muhammad Ali Rao says

    Dude u are horribly wrong… HONDA JAZZ does'nt came in 1.2L Hybrid , infact its a petrol version…. it came in hybrid in 1.3L….. so NAWAZ got you man 🙂

  4. Muhammad Ali Rao says

    Honda Jazz also known as Honda FIT which you can already see on the streets in pakistan , so its not something new….. but you will hardly find its hybrid version…

  5. Faraz Ahmed says
  6. Ahmed Usman says

    honda insight?
    any one used this car?

  7. Muzamil Habib Sheikh says

    BTW Jazz is availble in 1.3 or 1.5 in hybrid. It won't be exempted from Duty. The price would be around same as of Civic Hybrid becoz they are of same specs and price in Japan or UK. I believe the price would come down to 15.5 lakh at the rate of 50% duty. Its because only 3 year late cars can be imported and dollar has breached the barrier of 100.

  8. Muzamil Habib Sheikh says

    It was launched in 2005 and was a big flop. Honda discontinued it because it is not technically fit to make a 1.0 Hybrid. Insight is not available in 2010 or later model so you cant import it

  9. Taimur Javed says

    well the four door Insight hybrid was Launched in 2009 and its available here in Pakistan.

  10. Taimur Javed says

    and its 1.3 not 1.0 🙂

  11. Ahmed Usman says

    yes its available and i saw one or two in lahore

  12. Mustafa Altaf says

    Jazz 1.2 comes in EV version ! Not a hybrid thou

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