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BAIC Car Prices Increase February 2023
21 Feb 2023 
602 
BAIC Car Prices Increase February 2023
Following in the footsteps of Toyota, Suzuki, and DFSK, Sazgar Engineering, the domestic collaborators of BAIC, has raised the prices of the BJ40 Plus in response to the implementation of the General Sales Tax (GST) by the government.
BAIC BJ40 Plus New Price
Following the hike, the BAIC BJ40 Plus now has a new price of Rs. 10,585,000, which is Rs. 590,000 higher than the previous rate of Rs. 9,995,000, as the company has increased its price.
Yesterday, Sazgar Engineering became the fourth company to announce price hikes, which had been anticipated following the imposition of a 1% additional GST in the mini-budget. Other car manufacturers are expected to follow suit, as they must pass on the tax burden to consumers, as the additional revenue is going toward the government's coffers. This extra tax was imposed by the current ruling coalition to fulfill the conditions of the International Monetary Fund (IMF) in order to secure the next loan.
The automotive industry is already grappling with a range of economic challenges, including fluctuating exchange rates, an uncertain economic climate, and a lack of LCs issued by the State Bank of Pakistan. This new GST represents yet another setback for the industry, making new cars even further out of reach for the average consumer, given the current economic climate.
What are your thoughts on the price hikes for BJ40 Plus? Do you believe they are justifiable? Share your opinions in the comments section below.
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