Haval H6 Car Prices Increase February 2023

21 Feb 2023

437 Haval H6

Haval H6 Car Prices Increase February 2023

Following Toyota, Suzuki, and DFSK, Sazgar Engineering, Haval's local partners, have raised the prices of Haval H6. This revision comes in response to the government's implementation of the General Sales Tax (GST).

Haval H6 New Prices

As per the notification, the new price of the Haval H6 models are as follows:

• The H6 1.5T now costs Rs. 8,525,000, with an increase of Rs. 76,000 compared to its previous price of Rs. 8,449,000.

• The H6 2.0T has increased by Rs. 100,000 and now costs Rs. 9,749,000 compared to its previous price of Rs. 9,699,000.

• The new price for the H6 HEV is Rs. 11,095,000 compared to its previous price of Rs. 10,995,000, with an increase of Rs. 100,000.

Following the recent imposition of a 1% extra GST in the mini-budget, Sazgar Engineering became the fourth company to raise its prices. The hike was not unexpected, and other car companies are likely to follow suit as they will need to collect the tax from consumers, which ultimately goes into the government's coffers. This new tax has been imposed by the current ruling coalition to fulfill the International Monetary Fund's (IMF) conditions for obtaining the next loan.

The auto industry, which is already struggling with unstable economic conditions, the devaluation of PKR against the USD, and the non-issuance of LCs by the State Bank of Pakistan, is facing yet another setback with this new GST. The industry is not alone, as other sectors are also affected. The recent price hikes will further exacerbate the situation, making it even more challenging for the average consumer to purchase a new car under current economic conditions.

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