I am new at PW. but this wt i got from budget.
5% deduction on local cars prices as withholding tax reduced from 10%- 5%. So if one vehcile use to cost 10 lakh it should cost now 9.5 lakh.
But they put 1% tax/duty on all type of import, so might be 4% reduction rather then 5%. Final prices of each local assembled vechile will be announced by each individual company, i think in end of july or some mid of august.
There is another update not more then 3 year old cars can be imported before resitriction was 5 years.
Also in budget they mentioned that the duty reduction on import of vechile is underconsideration in different %ages i.e. 5%, 10% , 15%. I think on different engine capcities. But i am not sure about this. This will be cleared in a month or so.
This is upto my best knowledge and understandings.