Chery Tiggo 4 Price Hike: Unveiling Its Latest Rate

Jawad

09 Aug 2023

240 Chery Tiggo 4 Pro

Chery Tiggo 4 Price Hike: Unveiling Its Latest Rate

Amid economic uncertainty, ban on imports, and problems with LCs, Chery Pakistan has increased the price of one of its crossover SUVs. According to details, the company has hiked the rate of Chery Tiggo 4 Pro by Rs. 600,000, taking the price from Rs. 6,399,000 to Rs. 6,999,000. The price has been increased due to volatile economic condition and supply constraints, the company said in a statement. However, Chery is offering price lock on all new bookings of Chery Tiggo 4 Pro.

Model	Old Price	New Price	Difference
Tiggo 4 Pro	6,399,000	6,999,000	600,000

Plight of Local Auto Industry

As mentioned earlier, the price hike is not surprising due to the current situation in Pakistan especially for the auto industry. The local car sector is heavily dependent on the imports of major parts of vehicles, linking it directly to the foreign exchange rate. Meanwhile, the government has imposed different import constraints causing delays and even production shutdowns for different car companies. And with the non-issuance of LCs by State Bank of Pakistan (SBP), the situation has gone from bad to worse.

Sadly, the situation is expected to remain same in coming months as experts believe that it would take at least 2-3 years for the auto industry to bounce back from this plight. The economic condition is not getting better and mixing it with political instability, the picture gets bleaker.

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