Hyundai Cars Prices Increase March 2023

Hyundai Cars Prices Increase March 2023
Hyundai Nishat, a joint venture between South Korea's Hyundai Motors and Pakistan's Nishat Mills Limited, has announced yet another increase in car prices due to the current inflation, import restrictions, and the implementation of a 25% GST tax. This is not the first time the company has increased its car prices in 2023, and it is unlikely to be the last.
The affected models include the Hyundai Elantra, Hyundai Tucson, Hyundai Sonata, and Hyundai Porter Vehicle in all variants. Here are the details of the new prices and the difference between the old and new prices of each model:
Hyundai Elantra New Prices
The ELANTRA 1.6 has increased by Rs. 400,000, from Rs. 6,199,000 to Rs. 6,599,000.
The ELANTRA 2.0 has also increased by Rs. 400,000, from Rs. 6,730,000 to Rs. 7,130,000.
Hyundai Tucson New Prices
The TUCSON FWD and TUCSON AWD have both increased by Rs. 200,000, from Rs. 8,030,000 to Rs. 8,230,000 and from Rs. 8,659,000 to Rs. 8,859,000, respectively.
Hyundai Sonata New Prices
The SONATA 2.0 has increased by Rs. 650,000, from Rs. 9,679,000 to Rs. 10,329,000.
The SONATA 2.5 has increased by Rs. 750,000, from Rs. 10,530,000 to Rs. 11,280,000.
Hyundai Porter
The PORTER DECKLESS and PORTER HIGH-DECK have both increased by Rs. 200,000, from Rs. 3,589,000 to Rs. 3,789,000 and from Rs. 3,629,000 to Rs. 3,829,000, respectively.
The PORTER FLAT-DECK has increased in price by Rs. 200,000, from Rs. 3,609,000 to Rs. 3,809,000.
MODELS | OLD PRICES | NEW PRICES | DIFFERENCE |
6,199,000 | 6,599,000 | 400,000 | |
6,730,000 | 7,130,000 | 400,000 | |
8,030,000 | 8,230,000 | 200,000 | |
8,659,000 | 8,859,000 | 200,000 | |
9,679,000 | 10,329,000 | 650,000 | |
10,530,000 | 11,280,000 | 750,000 | |
3,589,000 | 3,789,000 | 200,000 | |
3,609,000 | 3,809,000 | 200,000 | |
3,629,000 | 3,829,000 | 200,000 |
The prices listed above are ex-factory prices and do not include additional charges such as registration fees, insurance, and taxes. With the latest price hike, buying a new Hyundai car in Pakistan has become even more expensive. The rising prices of cars and other goods are a major concern for consumers, and it remains to be seen how the market will respond to these price increases.
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