2022 is proving to be a tumultuous year for the Pakistani car industry with the local currency rate on a continuous nosedive.
The steep depreciation began on July 18, when the dollar went from Rs. 209 to Rs. 216 within hours. From there, the devaluation continued till the dollar rate reached Rs. 240 and remained there.
Such a drastic dip in local currency value has forced nearly all carmakers to increase the prices of their cars massively. The new prices of all popular cars are as follows:
Toyota Indus Motor Company
Variants |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
Toyota Yaris |
1.3 Gli M/T |
3,039,000 |
3,799,000 |
760,000 |
1.3 Gli CVT |
3,249,000 |
4,039,000 |
790,000 |
1.3 ATIV M/T |
3,209,000 |
3,999,000 |
790,000 |
1.3 ATIV CVT |
3,379,000 |
4,209,000 |
830,000 |
1.5 ATIV X M/T |
3,449,000 |
4,309,000 |
860,000 |
1.5 ATIV X CVT |
3,659,000 |
4,569,000 |
910,000 |
Toyota Corolla |
Altis 1.6 M/T |
3,909,000 |
4,899,000 |
990,000 |
Altis 1.6 A/T |
4,099,000 |
5,139,000 |
1,040,000 |
Altis SE 1.6 A/T |
4,509,000 |
5,639,000 |
1,130,000 |
Altis 1.8 CVT |
4,499,000 |
5,679,000 |
1,180,000 |
Altis 1.8 Grande CVT Beige Interior |
4,859,000 |
6,149,000 |
1,290,000 |
Altis 1.8 Grande CVT Black Interior |
4,899,000 |
6,189,000 |
1,290,000 |
Toyota Hilux |
Revo G 2.8 M/T |
7,989,000 |
9,819,000 |
1,830,000 |
Revo G 2.8 A/T |
8,379,000 |
10,299,000 |
1,920,000 |
Revo V 2.8 A/T |
9,229,000 |
11,349,000 |
2,120,000 |
Revo Rocco |
9,729,000 |
11,999,000 |
2,270,000 |
Toyota Fortuner |
Fortuner G A/T |
9,959,000 |
12,489,000 |
2,530,000 |
Fortuner V A/T |
11,459,000 |
14,279,000 |
2,820,000 |
Fortuner Sigma 4 A/T |
12,039,000 |
15,069,000 |
3,030,000 |
Fortuner Legender |
12,679,000 |
15,839,000 |
3,160,000 |
Pak Suzuki Motor Company
Variants |
Old Price (Rs.) |
New Prices (Rs.) |
Increase (Rs.) |
                                                Alto |
Alto VX |
1,475,000 |
1,789,000 |
314,000 |
Alto VXR |
1,733,000 |
2,079,000 |
346,000 |
Alto VXL |
1,951,000 |
2,399,000 |
388,000 |
                                              Wagon R |
Wagon R VXR |
2,084,000 |
2,549,000 |
388,000 |
Wagon R VXL |
2,199,000 |
2,699,000 |
500,000 |
Wagon R AGS |
2,399,000 |
2,949,000 |
550,000 |
                                               Cultus |
Cultus VXR |
2,330,000 |
2,879,000 |
549,000 |
Cultus VXL |
2,564,000 |
3,164,000 |
595,000 |
Cultus AGS |
2,762,000 |
3,379,000 |
617,000 |
                                               Swift |
Swift GL M/T |
2,774,000 |
3,349,000 |
575,000 |
Swift GL CVT |
2,998,000 |
3,599,000 |
601,000 |
Swift GLX CVT |
3,298,000 |
3,959,000 |
661,000 |
                                             Bolan/Ravi |
Ravi |
1,256,000 |
1,499,000 |
243,000 |
Bolan VX |
1,328,000 |
1,579,000 |
251,000 |
Bolan Cargo |
1,315,000 |
1,566,000 |
251,000 |
Honda Atlas Cars Limited
Models |
Current Prices (Rs.) |
Revised Prices (Rs.) |
Increase (Rs.) |
City 1.2L MT |
3,264,000 |
4,049,000 |
785,000 |
City 1.2L CVT |
3,389,000 |
4,199,000 |
810,000 |
City 1.5L CVT |
3,589,000 |
4,439,000 |
850,000 |
1.5 L Aspire MT |
3,729,000 |
4,609,000 |
880,000 |
1.5 L Aspire CVT |
3,899,000 |
4,799,000 |
900,000 |
Civic 1.5T M-CVT |
5,549,000 |
6,799,000 |
1,250,000 |
Civic Oriel 1.5T M-CVT |
5,799,000 |
7,099,000 |
1,300,000 |
Civic 1.5T RS LL-CVT |
6,649,000 |
8,099,000 |
1,450,000 |
BR-V 1.5 iVTEC S |
4,249,000 |
5,299,000 |
1,050,000 |
Kia Lucky Motor Corporation Limited
Variants |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
Picanto M/T |
2,600,000 |
3,100,000 |
500,000 |
Picanto A/T |
2,700,000 |
3,200,000 |
500,000 |
Sportage Alpha |
5,300,000 |
6,250,000 |
897,000 |
Sportage FWD |
5,858,000 |
6,750,000 |
892,000 |
Sportage AWD |
6,363,000 |
7,250,000 |
877,000 |
Stonic EX |
4,425,000 |
4,545,000 |
76,000 |
Stonic EX+ |
4,725,000 |
4,848,000 |
76,000 |
Sorento 2.4 FWD |
6,904,360 |
7,800,000 |
895,000 |
Sorento 2.4 AWD |
7,573,990 |
8,500,000 |
926,000 |
Sorento V6 FWD |
7,573,990 |
8,500,000 |
926,000 |
Carnival |
11,499,000 |
12,599,000 |
1,100,000 |
Hyundai Nishat Motors Private Limited
Cars |
Old Prices (Rs.) |
Revised Prices (Rs.) |
Increase (Rs.) |
Elantra GL 1.6 |
4,341,990 |
5,099,000 |
757,010 |
Elantra GLS 2.0 |
4,998,490 |
5,499,000 |
500,510 |
Tucson GLS Sport |
5,856,990 |
6,899,000 |
1,042,010 |
Tucson Ultimate |
6,361,990 |
7,399,000 |
1,037,010 |
Sonata 2.0 |
7,068,990 |
7,899,000 |
830,010 |
Sonata 2.5 |
7,927,490 |
8,499,000 |
571,510 |
Master Changan Motors Limited
Models |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
Alsvin 1.37 Comfort Manual |
2,894,000 |
3,394,000 |
500,000 |
Alsvin 1.5 Comfort DCT |
3,149,000 |
3,659,000 |
500,000 |
Alsvin 1.5 Lumiere DCT |
3,344,000 |
3,844,000 |
500,000 |
Oshan X7 Comfort |
6,050,000 |
7,449,000 |
1,399,000 |
Oshan X7 FutureSense |
6,350,000 |
7,749,000 |
1,399,000 |
Karvaan MPV |
2,069,000 |
2,469,000 |
400,000 |
Karvaan Plus MPV |
2,219,000 |
2,619,000 |
400,000 |
M9 MPV |
1,784,000 |
2,184,000 |
400,000 |
Al-Haj Automotive
Model |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
Proton Saga Standard Manual |
2,349,000 |
2,579,000 |
230,000 |
Proton Saga Standard Automatic |
2,499,000 |
2,729,000 |
230,000 |
Proton Saga ACE Automatic |
2,619,000 |
2,849,000 |
230,000 |
Proton X70 Executive AWD |
5,400,000 |
6,050,000 |
650,000 |
Proton X70 Premium FWD |
5,750,000 |
6,400,000 |
650,000 |
Regal Automobiles
Model |
Old Price (Rs.) |
New Price (Rs.) |
Increase (Rs.) |
Prince Pearl |
1,534,000 |
1,920,000 |
386,000 |
DFSK Glory 580 1.5 CVT |
5,009,000 |
6,105,000 |
1,096,000 |
DFSK Glory 580 1.8 CVT |
5,160,000 |
6,256,000 |
1,096,000 |
DFSK Glory 580 Pro |
5,400,000 |
6,550,000 |
1,150,000 |
DFSK K-07 |
2,039,000 |
2,469,000 |
430,000 |
DFSK K-01 |
1,469,000 |
2,169,000 |
700,000 |
Sazgar Engineering Works
Model |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
BAIC BJ40 Plus |
8,199,000 |
9,495,000 |
1,296,000 |
Haval H6 1.5 FWD |
6,499,000 |
7,599,000 |
1,100,000 |
Haval H6 2.0 AWD |
7,499,000 |
8,799,000 |
1,300,000 |
Ghandhara Nissan Limited
Model |
Old Price (Rs.) |
Revised Price (Rs.) |
Increase (Rs.) |
Chery Tiggo 4 Pro |
4,599,000 |
4,999,000 |
400,000 |
Chery Tiggo 8 Pro |
6,599,000 |
6,999,000 |
400,000 |
Who is Left?
Some car companies are yet to increase the prices of their cars, these include:
- Peugeot Lucky Motors
- United Motors
MG qualifies in a different league as it is yet to launch locally assembled cars in Pakistan. However, the depreciating local currency might impact CBU car prices as well.
Pakistan is going through economic turmoil, which is taking a toll on all sectors including the automotive industry. Experts reckon that the situation will likely get worse due to the announcement of non-production days (NPDs) which would worsen car sales. Considering these elements, Pakistan’s car industry’s fate seems shaky.