The government passed the mini-budget on the 14th of January and revised the Federal Excise Duty (FED) and Sales Tax on locally assembled and imported cars. Soon after, the car companies started revising their price charts. Suzuki took the lead and announced new car prices on the 19th of January, followed by Toyota, Honda, KIA, DFSK, Changan, and Hyundai.
Now that most companies have done the deed, we have the list of post-hike prices. Here we go.
Suzuki Car Prices
Under the mini-budget, the FED on all locally assembled Suzuki cars went up from 0 to 2.5% since they fall in the category of up to 1000cc cars. As a result, Suzuki increased the prices of its entire lineup. Here are the new Suzuki prices.
Toyota Car Prices
For Toyota cars, the FED went up to 2.5% on lower-end and 5% on the upper-end Yaris variants, flat 5% on all Corolla variants, and 10% on Hilux Revo and Fortuner variants. Under the new FEDs, the Toyota prices became the following.
Honda Car Prices
Hyundai Car Prices
Changan Car Prices
KIA Car Prices
DFSK Car Prices
Proton, United, and BAIC are yet to be a part of the first car price hike of 2022. That’s why, we said most companies have done it, not all. Let’s see when these companies take their turns and increase their car prices. Stay tuned, we’ll keep you guys posted.