Following the incumbent government’s move to impose 25% General Sales Tax (GST) on luxury items the local car assembler started passing on the effect to the customers which in turn, will shatter their purchasing power. After the Kia Lucky Motors hike their car prices, Peugeot Pakistan took the turn – increase the price of Peugeot 2008. And as expected, other local car assemblers are all set to inch up their prices in a day or two.
The Federal Board of Revenue (FBR) issued a new sales tax notification under SRO 297(1)/2023 confirming this new tax today. But, some vehicles that were not 1400cc cars are also facing this tax application. This tax slab included all locally assembled 1400cc and above cars, but the important thing to notice was that the locally manufactured or assembled SUVs and CUVs, even the ones with engine displacement lower than 1400cc were included and that is why we were expecting a new price hike. And as expected it happened today Peugeot 2008 prices have been increased.
Here are the new prices of Peugeot 2008 variants
New Price of Peugeot 2008
Here are the new prices of both variants.
- The new price of Peugeot 2008 Active variant is Rs. 6,840,000 compared to Rs. 6,450,000. Means, it has observed a hike of Rs. 390,000.
- Meanwhile, the Peugeot 2008 Allure variant will now cost Rs. 7,580,000 instead of Rs. 7,150,000. This variant observed an increase of Rs. 430,000.
It is pertinent to mention that the above are new Ex-factory prices.
What’s your say about the recent price hike series after GST increased to 25%? Drop your thoughts in the comments section.
