RD Removed – Audi e-tron Prices Dropped Up to Rs. 2 Crore
After the expiration of SRO1571(I)/2022 on November 21, 2022, the Regulatory Duty (RD) on Electric Vehicles (EVs) has been removed. Henceforth Audi e-tron prices saw a considerable drop today. According to a notification by the company, these are new ex-showroom prices of the Audi e-tron and e-tron GT.
New Audi e-tron Prices
- The new price of the e-tron 50 is Rs. 22,300,000 compared to Rs. 32,450,000. It means the car has observed a drop of Rs. 10,150,000
- e-tron SB price has been decreased by Rs. 11,300,000 and will now cost Rs. 24,850,000 against the old price of Rs. 36,150,000.
- Furthermore, the revised price of the e-tron GT is 34,500,000 compared to the old price of Rs. 48,325,000. This means the car price is down by Rs. 13,825,000
- Lastly, the company has announced a massive drop of Rs. 19,500,000 in the price of the RS e-tron GT. The car will now cost Rs. 48,500,000 as against the old Rs. 68,000,000.
According to Audi Pakistan, these are new ex-showroom booking prices, which will apply to new bookings. Meanwhile, the cars displayed in its showrooms will be sold at old prices, although the company offers some discounts on them.
FBR SRO
It is pertinent to mention that FBR had increased the Regulatory Duty (RD) to 100% from 0%. The notification by FBR read that the hike observed in the regulatory duty imposed on electric vehicles “shall take effect on and from the 22nd day of August, 2022 till the 21st day of November, 2022.” And it seems that the government has not decided to extend this SRO, hence, the drop in these car prices.
A Strange Decision?
On the one hand, the State Bank of Pakistan (SBP) is not issuing Letters of Credit (LCs) to the local car companies for CKD kits due to the unavailability of US dollars. On the other hand, the prices of these imported cars have dropped as RD is removed. The question is to be asked will it not pressure the forex exchange as the dollar will go out of the country, or will it not leave an impact on it? What do you think? Please share your thoughts with us in the comments section.