Since the recent devaluation of the rupee, auto manufacturers including Toyota Indus and Pak Suzuki increased their prices.
Following suit, the Chinese brand’s assembler Al-Haj FAW has increased prices as well. They have increased the price on each of their vehicles by Rs. 50,000
Here are the revised prices of vehicles sold by Al-Haj FAW;
- V2: Previous price of Rs. 10,69,000 increased to Rs. 11,19,000.
- X-PV Standard:Â Previous price of Rs. 8,49,000 increased to Rs. 8,99,000.
- X-PV Dual AC:Â Previous price of Rs. 8,99,000 increased to Rs. 9,49,000.
- Carrier Deckless:Â Previous price of Rs. 7,29,000 increased to Rs. 7,79,000.
- Carrier Flatbed:Â Previous price of Rs. 7,39,000 increased to Rs. 7,89,000.
- Carrier Standard:Â Previous price of Rs. 7,49,000 increased to Rs. 7,99,000.
Rupee’s depreciation is gradually affecting all of the major Pakistani sectors and prices of imported materials and products are inevitably rising. The government has also increased oil prices to meet the revenue deficit caused due to rupee’s depreciation.
The first automaker to increase their prices to compensate for the rupee’s devalue was Toyota. Suzuki, however, did not wait long and followed in the footsteps of Toyota.
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Moreover, we can also expect other sectors which rely heavyily on imports to increase their prices and expectedly, Honda Pakistan will increase their prices too.
Several experts concluded that the auto sector will see a 10-15% price increase in the coming days. The manufacturers have to bear an additional cost due to the US dollar’s strength hence these additional costs are directly transferred to the end consumers.
