Recently all the automakers including the bike producers of Pakistan are increasing the prices of their cars, bikes and other vehicles due to common factors which are increasing the costs of all automakers of Pakistan. These factors include the restrictions on imports, deteriorating value of local currency and the bad shape of Pakistan’s economy right now. For the reasons, some listed above and more, Hyundai Pakistan have also announced the prices increase for its vehicles. Details of old and new ex-factory prices of Hyundai vehicles are as follows. Vehicle Make, Model & Variant New Prices Old Prices Difference Hyundai Elantra 1.6 5,699,000 5,299,000 400,000 Hyundai Elantra 2.0 6,099,000 5,699,000 400,000 Hyundai Sonata 2.0 8,649,000 8,149,000 500,000 Hyundai Sonata 2.5 9,399,000 […]

Pakistan auto industry is facing many challenges right now. These include bad economic situation of the country, ever deteriorating Pakistani currency against the US dollar and the steps taken by government to keep US Dollars inside country. Overall the Pakistan’s economy is facing challenges mainly due to political instability in the country, which affected the foreign exchanges reserves of country, which are at lowest right now. To keep the US Dollars in country, govt of Pakistan pun on many restriction. These restrictions are resulting in difficulties for car manufacturers of Pakistan in opening the Letters of Credits (LCs) with the local banks to import completely knocked down (CKD) vehicles kits. Which results in disruption of supplies for car manufacturing, hence […]

Recently, Toyota Pakistan had increased its car prices which had to be applicable from 12 Jan, 2023. However, after recently Pakistan government removed all the restrictions from the value of US Dollar in the interbank as well as the open market, the price of US Dollar seen humongous jumps and ended up at around Rs. 260 PKR as compared to restricted rate of Rs. 225 PKR. After this huge increase in the price of US Dollar, again like before, Toyota was the first to announce an increase its cars prices. Interestingly, like the previous increase, this new increase will also be applicable from same date of Jan 12, 2023. So any vehicles which were booked between Jan 12, 2023 on […]