These Are the Expected Reduced Prices of All Cars in Pakistan

The all-new auto policy has been a bearer of gifts and good news for automakers, both new and old.

With the intent to promote the sales and purchases of smaller and more environmentally friendly vehicles, the government has announced a number of duties and tax rate reliefs, so as for all automakers to begin manufacturing and selling cars with engine displacement up to 1000cc, hybrid vehicles, and electric vehicles (EVs) in Pakistan.

However, the incentives are not just limited to EVs and 1000cc vehicles. The government has also reduced Federal Excise Duty (FED) by 2.5 percent for vehicles with an engine displacement over 1000cc. The FED rates, in particular, have been impacted as follows:

• For 660cc to 1000cc vehicles, the FED has gone down from 2.5 percent to 0 percent. The said segment also gets a concession of 4.5 percent on the General Sales Tax, which implies that the on-ground price discount for the said segment should be slightly less than 7 percent.
• For 1001cc to 2000cc vehicles, the FED has gone down from 5.0 percent to 2.5 percent.
• For vehicles over 2000cc, the FED has gone down from 7.5 percent to 5 percent.

The said concessions are likely to have a direct impact on the vehicle prices across the board in Pakistan. For vehicles with engine displacement over 1000cc, the 2.5 percent reduction in the FED rates is likely to result in a price discount of up to 2.33%-2.38%.

With that said, here are the expected reduced prices of all locally assembled passenger vehicles:

Pak-Suzuki Motor Company:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Alto VX	660	Rs. 1,198,000	Rs. 74,172	Rs. 1,123,828
Alto VXR	660	Rs. 1,433,000	Rs. 88,722	Rs. 1,344,278
Alto AGS	660	Rs. 1,633,000	Rs. 101,105	Rs. 1,531,895
Wagon R VXR	1000	Rs. 1,640,000	Rs. 101,538	Rs. 1,538,462
Wagon R VXL	1000	Rs. 1,730,000	Rs. 107,110	Rs. 1,622,890
Wagon R AGS	1000	Rs. 1,890,000	Rs. 117,016	Rs. 1,772,984
Cultus VXR	1000	Rs. 1,780,000	Rs. 110,206	Rs. 1,669,794
Cultus VXL	1000	Rs. 1,970,000	Rs. 46,904	Rs. 1,923,096
Cultus AGS	1000	Rs. 2,130,000	Rs. 131,876	Rs. 1,998,124
Bolan Passenger Van	800	Rs. 1,134,000	Rs. 70,210	Rs. 1,063,790
Swift DLX M/T	1300	Rs. 2,030,000	Rs. 48,333	Rs. 1,981,667
Swift A/T+Nav	1300	Rs. 2,210,000	Rs. 52,619	Rs. 2,157,381

Toyota Indus Motors:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Expected Price	Price Difference
Corolla Altis X 1.6 M/T	1600	Rs. 3,219,000	Rs. 3,142,358	Rs. 76,642
Corolla Altis X 1.6 CVT	1800	Rs. 3,369,000	Rs. 3,288,786	Rs. 80,214
Corolla Altis X 1.8 M/T	1800	Rs. 3,549,000	Rs. 3,464,501	Rs. 84,499
Corolla Altis X 1.8 A/T	1800	Rs. 3,699,000	Rs. 3,610,929	Rs. 88,071
Corolla Altis Grande X 1.8 CVT-i Beige Interior	1800	Rs. 3,979,000	Rs. 3,884,263	Rs. 94,737
Corolla Altis Grande X 1.8 CVT-i Black Interior	1800	Rs. 3,999,000	Rs. 3,903,786	Rs. 95,214
Yaris GLI 1.3 M/T	1300	Rs. 2,509,000	Rs. 2,449,262	Rs. 59,738
Yaris ATIV 1.3 M/T	1300	Rs. 2,619,000	Rs. 2,556,643	Rs. 62,357
Yaris GLI 1.3 CVT	1300	Rs. 2,689,000	Rs. 2,624,977	Rs. 64,023
Yaris ATIV 1.3 CVT	1300	Rs. 2,769,000	Rs. 2,703,072	Rs. 65,928
Yaris ATIV X 1.5 M/T	1500	Rs. 2,829,000	Rs. 2,761,643	Rs. 67,357
Yaris ATIV X 1.5 CVT	1500	Rs. 2,999,000	Rs. 2,927,596	Rs. 71,404
Fortuner 2.7 G	2700	Rs. 7,999,000	Rs. 7,812,001	Rs. 186,999
Fortuner 2.7 VVT-i	2700	Rs. 9,299,000	Rs. 9,081,610	Rs. 217,390
Fortuner TRD Sportivo	2800	Rs. 9,399,000	Rs. 9,179,273	Rs. 219,727
Fortuner 2.8 Sigma 4	2800	Rs. 9,649,000	Rs. 9,423,428	Rs. 225,572
Hilux E	2800	Rs. 5,959,000	Rs. 5,819,692	Rs. 139,308
Hilux Revo G M/T	2800	Rs. 6,549,000	Rs. 6,395,899	Rs. 153,101
Hilux Revo G A/T	2800	Rs. 6,899,000	Rs. 6,737,717	Rs. 161,283
Hilux Revo V A/T	2800	Rs. 7,499,000	Rs. 7,323,690	Rs. 175,310

Honda Atlas Cars:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Civic 1.8 i-VTEC CVT	1800	Rs. 3,729,000	Rs. 88,785	Rs. 3,640,215
Civic Oriel 1.8 i-VTEC CVT	1800	Rs. 3,979,000	Rs. 94,737	Rs. 3,884,263
Civic Oriel 1.5 Turbo VTEC	1500	Rs. 4,449,000	Rs. 105,928	Rs. 4,343,072
Civic Oriel 1.5 RS Turbo	1500	Rs. 4,699,000	Rs. 111,880	Rs. 4,587,120
Honda BR-V i-VTEC M/T	1500	Rs. 3,159,000	Rs. 75,214	Rs. 3,083,786
Honda BR-V i-VTEC A/T	1500	Rs. 3,319,000	Rs. 79,023	Rs. 3,239,977
Honda BR-V i-VTEC S A/T	1500	Rs. 3,479,000	Rs. 82,833	Rs. 3,396,167

KIA Lucky Motors:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Picanto M/T	1000	Rs. 1,899,000	Rs. 117,574	Rs. 1,781,426
Picanto A/T	1000	Rs. 2,049,000	Rs. 126,861	Rs. 1,922,139
Sportage Alpha	2000	Rs. 4,449,000	Rs. 104,737	Rs. 4,294,263
Sportage FWD	2000	Rs. 4,399,000	Rs. 116,642	Rs. 4,782,358
Sportage AWD	2000	Rs. 5,399,000	Rs. 128,547	Rs. 5,270,453
Sorento FWD	2400	Rs. 6,999,000	Rs. 163,621	Rs. 6,835,379
Sorento AWD	2400	Rs. 7,999,000	Rs. 186,999	Rs. 7,812,001
Sorento V6 FWD	3500	Rs. 8,399,000	Rs. 196,350	Rs. 8,202,650

Hyundai Nishat:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Elantra GLS	2000	Rs. 4,049,000	Rs. 96,404	Rs. 3,952,596
Tucson GLS Sport	2000	Rs. 5,099,000	Rs. 121,404	Rs. 4,977,596
Tucson Ultimate	2000	Rs. 5,599,000	Rs. 133,309	Rs. 5,465,691

Master Changan Motors:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Karvaan Base Variant	1000	Rs. 1,490,000	Rs. 92,251	Rs. 1,397,749
Karvaan Plus	1000	Rs. 1,640,000	Rs. 101,538	Rs. 1,538,462
Alsvin 1.37 Comfort M/T	1400	Rs. 2,199,000	Rs. 52,357	Rs. 2,146,643
Alsvin 1.37 Comfort DCT	1400	Rs. 2,449,000	Rs. 58,309	Rs. 2,390,691
Alsvin 1.5 Lumiere DCT	1500	Rs. 2,650,000	Rs. 63,095	Rs. 2,586,905

Al-Haj Proton:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Saga 1.3 Standard M/T	1300	Rs. 1,975,000	Rs. 47,023	Rs. 1,927,977
Saga 1.3 Standard A/T	1300	Rs. 2,125,000	Rs. 50,595	Rs. 2,074,405
Saga 1.3 R3 M/T	1300	Rs. 2,175,000	Rs. 51,785	Rs. 2,123,215
Saga 1.3 Ace A/T	1300	Rs. 2,225,000	Rs. 51,785	Rs. 2,172,024
Saga 1.3 R3 A/T	1300	Rs. 2,425,000	Rs. 57,738	Rs. 2,367,262
X70 Executive AWD	1500	Rs. 4,690,000	Rs. 111,666	Rs. 4,578,334
X70 Premium FWD	1500	Rs. 4,990,000	Rs. 118,809	Rs. 4,871,191

Morris Garages Pakistan:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
MG HS 1.5T	1500	Rs. 5,749,000	Rs. 136,880	Rs. 5,612,120
MG ZS 1.5	1500	Rs. 4,099,000	Rs. 97,595	Rs. 4,001,405

United Motors:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Bravo	1000	Rs. 1,099,000	Rs. 68,043	Rs. 1,030,957
Alpha	800	Rs. 1,445,000	Rs. 89,465	Rs. 1,355,535

Prince-DFSK:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Pearl M/T	800	Rs. 1,149,000	Rs. 71,139	Rs. 1,077,861
Glory 580 1.5 M/T	1500	Rs. 4,049,000	Rs. 96,404	Rs. 3,952,596
Glory 580 1.5 CVT	1500	Rs. 4,299,000	Rs. 102,356	Rs. 4,196,644
Glory 580 1.8 CVT	1800	Rs. 4,449,000	Rs. 105,928	Rs. 4,343,072
Glory 580 Pro 1.5T CVT	1500	Rs. 4,699,000	Rs. 111,880	Rs. 4,587,120

Haval:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
Jolion Top	1500	Rs. 5,725,000	Rs. 136,309	Rs. 5,588,691
H6	1500	Rs. 6,495,000	Rs. 154,642	Rs. 6,340,358

Isuzu:

Vehicles	Engine Displacement (Cubic Capacity)	Current Price	Price Reduction	Expected Price
D-Max Hi-Lander Double Cab Standard	2500	Rs. 5,700,000	Rs. 133,253	Rs. 5,566,747
D-Max V-Cross M/T	3000	Rs. 6,600,000	Rs. 154,293	Rs. 6,445,707
D-Max V-Cross A/T	3000	Rs. 6,960,000	Rs. 162,709	Rs. 6,797,291

Verdict

Bear in mind that these are only the expected prices and none of the automakers have announced any price reduction just yet. However, with the reduction of FED and GST on the imports of CKD kits of all vehicles (just the FED on vehicles with engines bigger than 1000cc), along with a reduction in ACD and reduced taxes on parts manufacturers, the production costs of these vehicles should be reduced significantly and should have a trickle-down effect on the price reduction as well.

With the said concessions in place for small vehicles, it is being speculated that there is set to be a huge influx of new small and hybrid vehicles in the market, which certainly bodes well for the Pakistani auto industry.

More competition in the market will likely give rise to the culture whereby the automakers will try to outdo each other by offering desirable and better-quality products to grab the lion’s share in the market.